From Nasdaq, Inc.:

Coinbase Global, Inc. is set to report its Q4 2023 results on Feb 15 after the closing bell. The company delivered an earnings surprise in the last three reported quarters of 2023, and analysts are predicting an increase in revenues of 16.3% to $731.9 million for the fourth quarter.

The fourth-quarter results are expected to benefit from lower transaction, technology, and development expenses, along with higher stablecoin revenues, despite a decline in consumer transaction revenues. The company estimates subscription services revenues to remain unchanged at $300 million from the third quarter.

Technology and development and general and administrative expenses are estimated to be between $525-$575 million and $85-$95 million for sales and marketing expenses. The company is focused on its cost-containment efforts, which are likely to improve adjusted EBITDA.

Coinbase has an Earnings ESP of +200.00%, and a Zacks Rank of 3, which predicts an earnings beat. Other stocks in the finance sector with potential to beat estimates are CubeSmart, Gaming and Leisure Properties, and Corebridge Financial. Each has an Earnings ESP of over +0.54% and a Zacks Rank of 3.

Investors can stay on top of upcoming earnings announcements with the Zacks Earnings Calendar, featuring the latest stock recommendations from Zacks Investment Research.



Read more: Is a Beat in the Cards for Coinbase (COIN) in Q4 Earnings?