From Nasdaq Broadcasting: 2024-04-30 13:23:00

Coinbase Global is set to report first-quarter 2024 earnings on May 2, with past quarters showing an earnings surprise. Factors likely to impact results include increased trading volumes from crypto asset volatility and the approval of a Bitcoin spot ETF. The company is expected to see growth in trading volumes and transaction revenues.

Market analysts predict an earnings beat for Coinbase due to a positive Earnings ESP (+36.53%) and a Zacks Rank #1 (Strong Buy). Other securities and exchange stocks like Intercontinental Exchange, Cboe Global Markets, and MarketAxess are also expected to post earnings beats in the upcoming quarter.

Intercontinental Exchange, Cboe Global Markets, and MarketAxess have favorable Earnings ESP and Zacks Rank positions for potential earnings beats in the first quarter of 2024. Coinbase Global, Inc. is also expected to outperform in its earnings report, highlighting positive trends in the securities and exchange sector.

Read more at Nasdaq: Will Higher Trading Volume Aid Coinbase (COIN) in Q1 Earnings?