From Nasdaq:

In the latest trading session, Coinbase Global, Inc. (COIN) closed at $121.01, marking a -0.27% move from the previous day. The stock’s change was less than the S&P 500’s daily gain of 0.53%. The Dow gained 0.64%, and the Nasdaq added 0.19%. Prior to today’s trading, shares of the company had lost 34.5% over the past month.

Market participants will be closely following the financial results of Coinbase Global, Inc. as the company plans to announce its earnings on February 15, 2024. Analysts expect Coinbase Global, Inc. to post earnings of -$0.12 per share, a 95.12% year-over-year growth. The latest consensus estimate is calling for revenue of $710.83 million, up 12.99% from the prior-year quarter.

Any recent changes to analyst estimates for Coinbase Global, Inc. should be noted by investors. Positive alterations signify analyst optimism regarding the company’s business and profitability. Based on research, these estimate revisions are directly related to near-team stock moves. The Zacks Rank system, currently ranking Coinbase Global, Inc. as a Zacks Rank #2 (Buy), has an impressive track record of outperformance.

The Securities and Exchanges industry is part of the Finance sector and currently holds a Zacks Industry Rank of 19, putting it in the top 8% of all 250+ industries. The Zacks Industry Rank evaluates the power of industry groups and shows the average Zacks Rank of individual stocks in the groups.

For more information on these metrics, visit Zacks.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



Read more: Coinbase Global, Inc. (COIN) Stock Sinks As Market Gains: What You Should Know