From Nasdaq: 2024-05-01 13:32:00

Coinbase is set to report first-quarter 2024 earnings on May 2. The Zacks Consensus Estimate is 89 cents per share on revenues of $1.2 billion, with year-over-year improvements of 493.3% and 55.5%. The company has an Earnings ESP of +36.53% and a Zacks Rank of 1, likely beating estimates. Revenue drivers include crypto trading and institutional services. Expansion into international markets is expected to drive growth. Coinbase’s top priorities are trading fees and Stablecoins. Subscription and services revenues are projected between $410 million to $480 million. Investments in technology for operational efficiency and expense management have improved margins. Despite headwinds in international markets and volatility in crypto, the company remains a strong option for investors. Other stocks to consider are Intercontinental Exchange (ICE), Cboe Global Markets (CBOE), and MarketAxess (MKTX), all showing positive signs for earnings growth. ICE has an Earnings ESP of +0.54% and a Zacks Rank #2, while CBOE and MKTX have similar positive indicators for potential earnings growth. Stay informed with Zacks Investment Research for more insights and recommendations.

Read more at Nasdaq.: Should You Add Coinbase (COIN) to Your Kitty Before Q1 Earnings?