From Nasdaq: 2024-05-02 17:20:03

Coinbase Global, Inc. (COIN) exceeded expectations with quarterly earnings of $1.65 per share, compared to $0.15 per share last year. Revenues of $1.64 billion also beat estimates by 29.55%. The stock has outperformed the market, prompting investors to look at future outlook for potential growth. OTC Markets Group Inc. (OTCM) is also expected to release results, with estimates of $0.57 per share in earnings and $28.38 million in revenues.

Investors are eager to see how Coinbase Global and OTC Markets Group Inc. will perform in the market. With earnings beats and potential for growth, the stocks are attracting attention. The Zacks Rank #1 (Strong Buy) for Coinbase Global is based on favorable estimate revisions, signaling potential for strong performance in the near future. It will be interesting to track how estimates change for the coming quarters and fiscal year.

As the industry outlook plays a vital role in stock performance, investors are also keeping an eye on the Zacks Industry Rank, which shows Securities and Exchanges in the top 30% of Zacks industries. This industry data, along with company-specific earnings outlooks, will influence the stock movements of Coinbase Global and OTC Markets Group Inc. Stay tuned for updates on these stocks and their performance in the market.

Read more at MarketWatch: Coinbase Global, Inc. (COIN) Tops Q1 Earnings and Revenue Estimates