From Nasdaq: 2024-03-25 12:20:02

Coinbase Global, Inc. (COIN) has seen a notable revision in its earnings estimates, making it a strong addition to portfolios. Analysts are optimistic, driving estimates higher. Current-quarter estimates now sit at $0.54 per share, a 260% change from last year. The stock rating tool Zacks Rank gives COIN a #1 rank.

COIN has had three positive estimate revisions for the full year, with earnings estimated at $1.68 per share, a 354% change from last year. In the past month, three estimates have gone up for COIN. This positive trend has led to a consensus estimate 66.67% higher. With a Zacks Rank of #1, COIN shows promising growth potential.

Coinsbase Global has seen a 53.9% gain in stock value over the last four weeks due to strong estimate revisions. The company’s solid earnings outlook could continue to drive the stock higher, making it an attractive choice for investors looking for growth opportunities. Global semiconductor manufacturing is also projected to grow significantly by 2028.

Read more at Nasdaq: Earnings Estimates Moving Higher for Coinbase Global (COIN): Time to Buy?