Coinbase Global (COIN) stock closed at $244.50, down -1.27%

From Nasdaq: 2024-06-14 17:45:15

Coinbase Global, Inc. (COIN) closed the trading session at $244.50, a -1.27% change from the previous day, lower than the S&P 500. The stock surged 24.34% in a month, outperforming the Finance sector. Their upcoming earnings report forecasts an EPS of $1.11 and revenue of $1.41 billion, showing significant growth.

Analysts predict Coinbase Global, Inc.’s earnings to be $7.18 per share and revenue of $5.7 billion for the year, a substantial increase year-over-year. Positive estimate revisions indicate analyst confidence in the company’s performance. The Zacks Rank for Coinbase Global, Inc. currently stands at #1 (Strong Buy), with no recent EPS estimate changes.

Coinbase Global, Inc. is trading at a Forward P/E ratio of 34.51, higher than the industry average. The Securities and Exchanges industry has a Zacks Industry Rank of 97, putting it in the top 39% of all industries. Industry rank assessment shows that industries rated in the top 50% typically outperform the bottom half by a margin of 2 to 1.

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Read more at Nasdaq Global Information Services.: Coinbase Global, Inc. (COIN) Declines More Than Market: Some Information for Investors