From Nasdaq:

Shares of Coinbase Global, Inc. (COIN) rose 1.9% to close at $122.07, outperforming the S&P 500. However, it has fallen 21.19% in the past month, underperforming the Finance sector’s 1.02% gain. The company is set to release its earnings on February 15, 2024, with an estimated EPS of -$0.06 and expected revenue of $731.94 million, representing a 16.34% growth from the previous year’s quarter.

To understand the company’s business outlook, consider recent analyst estimate changes. Positive revisions reflect optimism while our research shows a correlation between estimate changes and stock prices. The Zacks Rank, which rates stocks between #1 (Strong Buy) and #5 (Strong Sell), has a proven track record with stocks at #1 delivering an average annual return of +25% since 1988. Currently, Coinbase Global, Inc. carries a Zacks Rank of #3 (Hold).

The Securities and Exchanges industry has a Zacks Industry Rank of 37, positioning it in the top 15% of all industries. The Zacks Industry Rank measures the strength of individual industry groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

From thousands of stocks, 5 Zacks experts each have chosen their favorite stock expected to rise +100% or more in months to come. Director of Research Sheraz Mian hand-picks one as the most explosive. It’s credited with a “watershed medical breakthrough” and is developing a busy pipeline of projects that could greatly benefit patients. This timely investment opportunity emerges from bear market lows and has the potential to surpass other recent Stocks Set to Double such as Boston Beer Company which rose +143.0% and NVIDIA which surged +175.9%.

To access stock-moving metrics and more, visit Zacks.com.



Read more: Coinbase Global, Inc. (COIN) Surpasses Market Returns: Some Facts Worth Knowing