From Nasdaq:

Coinbase Global, Inc. (COIN) is expected to report a quarterly loss of $0.06 per share, with revenues increasing 16.3% to $731.94 million. Analysts revised EPS estimate 50.5% higher over the last 30 days. Earnings estimate revision plays a significant role in predicting investor actions and the stock’s performance.

To effectively predict investor actions, consider the revisions to earnings estimates prior to the company’s earnings announcement. There is a strong correlation between trends in earnings estimate revision and the short-term price performance of a stock.

Analysts have made various projections for key metrics at Coinbase Global, Inc., including net revenue estimates for different segments, trading volume, and assets on platform.

According to analysts, ‘Other revenue’ is expected to reach $50.55 million, indicating a change of +109.2% year over year. ‘Trading Volume’ is projected at $116.41 billion, down from $145 billion the previous year.

Overall, Coinbase Global, Inc. has experienced an 8.6% rise in share value over the past month, outperforming the Zacks S&P 500 composite by 2.8%. With a Zacks Rank #3 (Hold), COIN is expected to mirror the overall market performance in the near future.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.



Read more: What Analyst Projections for Key Metrics Reveal About Coinbase Global, Inc. (COIN) Q4 Earnings