From Nasdaq.: 2024-04-25 17:45:18

Coinbase Global, Inc. (COIN) closed at $223.61, down 0.34% from the previous day. The company’s shares have lost 12.59% in the past month compared to the Finance sector’s 5.08% loss. The tech-heavy Nasdaq also saw a 0.64% drop. The upcoming earnings report on May 2, 2024, is expected to show a significant increase in EPS and revenue.

Analyst estimates forecast Coinbase Global, Inc. to report earnings of $0.89 per share and revenue of $1.2 billion, up 493.33% and 55.5% respectively from last year. The Zacks Rank system, with a current rank of #1 (Strong Buy), suggests positive stock price performance ahead. The company’s Forward P/E ratio stands at 92.14.

The Securities and Exchanges industry, part of the Finance sector, has a Zacks Industry Rank of 74, in the top 30% of all industries. Zacks Industry Rank also indicates that top-ranked industries outperform the bottom half by a factor of 2 to 1. Investors should monitor these stock-moving metrics to make informed decisions in the market.

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Read more at Nasdaq: Coinbase Global, Inc. (COIN) Stock Moves -0.34%: What You Should Know