From Nasdaq: 2024-05-02 18:30:10

Coinbase Global, Inc. reported $1.64 billion in revenue for the quarter ended March 2024, a 112% year-over-year increase. EPS was $1.65 compared to $0.15 a year ago, surpassing the Zacks Consensus Estimate by +29.55%. Key metrics showed strong performance, with positive changes in trading volume, monthly users, and net revenue across various sectors.

Shares of Coinbase Global have returned -16.5% in the past month, outperforming Zacks S&P 500 composite’s -4.2% change. The stock boasts a Zacks Rank #1 (Strong Buy), indicating its potential to outperform the market. Experts have identified Coinbase Global as one of the 7 best stocks for the next 30 days, offering a potential for early price pops.

Read more at NASDAQ: Coinbase Global (COIN) Reports Q1 Earnings: What Key Metrics Have to Say