From Nasdaq:

Coinbase Global, Inc. (COIN) is one of the most searched-for stocks on Zacks.com. Over the past month, its stock has seen a return of -16.9%, compared to the S&P 500 composite’s +1.2% change. This has resulted in a Zacks Rank #2 (Buy) for Coinbase. The consensus earnings estimate of -$0.89 for the current fiscal year indicates a year-over-year change of +92.5%. However, the company is graded F on the Zacks Value Style Score, indicating that it is trading at a premium to its peers.

With an impressive track record, the Zacks Rank is a good indicator of a stock’s near-term performance. Although being graded F on the Zacks Value Style Score, the stock is a Zacks Rank #2 (Buy). This suggests that it may outperform the broader market in the near term. The consensus sales estimate for the current quarter for Coinbase Global, Inc. is $710.83 million, indicating a year-over-year change of +13%. This indicates further potential growth for the company.

Coinbase Global, Inc. reported revenues of $674.15 million in the last reported quarter, with an EPS of -$0.01. This indicates a year-over-year change of +14.2% in revenues and a surprise of +2.67% above the Zacks Consensus Estimate. The company has surpassed consensus EPS and revenue estimates multiple times over the last four quarters. Despite the premium trading of the company relative to its peers, the Zacks Rank #2 suggests strong near-term performance.

This information and much more on Zacks.com may help determine whether or not it’s worthwhile to pay attention to the market buzz about Coinbase Global, Inc. while the Zacks Rank #2 does suggest that it may outperform the broader market in the near term. Investors still need to carefully consider all relevant details before making any investment decisions. Click to see the values of some of the valuation metrics that have driven this grade. The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.



Read more: Coinbase Global, Inc. (COIN) is Attracting Investor Attention: Here is What You Should Know