From Nasdaq: 2024-04-29 09:16:01

Wall Street analysts anticipate Coinbase Global, Inc. (COIN) to report quarterly earnings of $0.89 per share, a 493.3% year-over-year increase. Revenues are expected to be $1.2 billion, up 55.5% from last year. Analysts have revised their EPS estimate upward by 27.2% over the past 30 days, reflecting a positive trend.

Ahead of the earnings disclosure, revisions in earnings estimates play a crucial role in predicting investor reactions. Tracking key metrics like net revenue, transaction revenue, and other revenue can provide a comprehensive view. Analysts project significant increases in various revenue categories and trading volumes for Coinbase Global in the upcoming quarter.

The consensus estimate for different revenue segments shows positive year-over-year growth, with transaction revenue, institutional revenue, and subscription and services revenue expected to rise substantially. Analysts foresee an increase in trading volumes and monthly active users as well. With a Zacks Rank #1 (Strong Buy), Coinbase Global is positioned to outperform the market in the near future based on analysts’ assessments.

To provide a deeper insight into Coinbase Global’s performance, it is essential to consider Wall Street analysts’ projections for key metrics such as trading volumes, revenue segments, and user metrics. These estimates offer valuable information for investors to evaluate the company’s financial health and growth prospects accurately while making informed investment decisions.

Read more at Nasdaq: Curious about Coinbase Global (COIN) Q1 Performance? Explore Wall Street Estimates for Key Metrics