From NASDAQ: 2024-04-25 10:01:50

Coinbase Global, Inc. (COIN) is expected to report a year-over-year increase in earnings and higher revenues for the quarter ending March 2024. The earnings report is set to be released on May 2, 2024, with estimates projecting earnings of $0.89 per share and revenues of $1.2 billion, up 55.5% from the previous year. Analysts have revised EPS estimates 27.15% higher over the last 30 days.

The Zacks Earnings ESP model predicts a positive surprise for Coinbase Global, with a +36.53% Earnings ESP and a Zacks Rank of #1. The company has a history of beating consensus EPS estimates and is expected to outperform again this quarter.

An earnings beat may not guarantee stock growth, as other factors can influence investor sentiment. However, the combination of a positive Earnings ESP and Zacks Rank increases the likelihood of success. Investors should consider these factors before making investment decisions on Coinbase Global.

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Read more at Nasdaq: Coinbase Global, Inc. (COIN) Earnings Expected to Grow: Should You Buy?