Robinhood Markets Inc (NASDAQ:HOOD) will be reporting its first-quarter earnings on Wednesday. Wall Street expects 5 cents in EPS and $548.607 million in revenues as the company reports after market hours. The stock is up about 100% over the past year, +39.56% year-to-date. JPMorgan Questions Sustainability Of Growth At Robinhood The Robinhood Analyst: JPMorgan analyst Kenneth B. Worthington, CFA has an Underweight rating on Robinhood stock with a price target of $12. The Robinhood Thesis: Worthington believes that while Robinhood has been innovative and successful in the US retail broker market, its growth may not be sustainable in the long term. “We do not see growth as sustainable, and we question the ability of the company to generate competitive margins,” he said, citing the company’s focus on small accounts that may not be very profitable, as a key reason. However, he acknowledges that Robinhood’s expected move to profitability in 2024 is a positive sign, particularly as long as interest rates remain elevated. Despite a strong performance in 1Q24, with increased volumes across equities, options, and crypto, Worthington maintains the Underweight rating due to concerns about Robinhood’s transaction-based model and its ability to consistently ...