From Nasdaq, Inc.:

Coinbase Global, Inc. (COIN) is expected to beat earnings with a favorable Zacks Earnings ESP, showing an earnings trend of 108.33%. The 10-year backtest reveals that stocks with a positive Earnings ESP and a Zacks Rank #3 or better report a positive surprise almost 70% of the time, with an average annual return of over 28%.

The 10-year backtest reveals that stocks with a positive earnings trend and a Zacks Rank #3 or better report a positive surprise almost 70% of the time, with an average annual return of over 28%. This shows great potential for Coinbase Global Inc’s earnings forecast.

Coinbase Global, Inc. stock is showing signs of a positive trend for an earnings beat, providing an opportunity for investors to consider adding it to their portfolio ahead of the upcoming report. The latest earnings estimate revisions suggest a positive outlook for the company, indicating the potential for an earnings beat.

Analysts have recently raised estimates for Coinbase, indicating a positive outlook for the firm and a potential beat in the upcoming earnings report. The company’s favorable earnings estimate revision activity suggests good things are ahead for Coinbase Global, Inc., making it a stock to watch in the upcoming report.



Read more: Is a Surprise Coming for Coinbase (COIN) This Earnings Season?