From Nasdaq: 2024-06-28 17:45:19

Coinbase Global, Inc. (COIN) closed at $222.23, a -0.79% change from the previous day, underperforming S&P 500’s 0.41% loss. Shares dropped 4.58% in the past month compared to the Finance sector’s 0.28% loss and the S&P 500’s 3.53% gain.

COIN to report earnings of $1.12 per share, a 366.67% YoY growth, with estimated revenue of $1.47 billion, a 107.83% rise. Full-year estimates for earnings are $7.18 per share and revenue of $5.97 billion, up 1840.54% and 92.17% YoY, respectively.

Coinbase Global, Inc. holds a Zacks Rank of #1 (Strong Buy) with a Forward P/E ratio of 31.22. The company is part of the Securities and Exchanges industry, ranked 48th, in the top 20% of all industries. Industries in the top 50% tend to outperform the rest by 2 to 1.

Experts recommend 7 Zacks Rank #1 Strong Buy stocks for potential early price pops. The list has outperformed the market by 24.2% annually since 1988. Investors can track COIN’s performance at Zacks.com.

Read more at Nasdaq: Here’s Why Coinbase Global, Inc. (COIN) Fell More Than Broader Market