From Nasdaq

July 29, 2024 09:16:13 AM:

Analysts predict Coinbase Global, Inc. (COIN) will report earnings of $1.07 per share, up 354.8% from last year, with revenues of $1.45 billion, a 104.9% increase. However, consensus EPS estimates dropped by 1.5% in the last 30 days, showing a reassessment by analysts. It is crucial to consider these revisions in anticipation of investor reactions.

Wall Street analysts project specific key metrics for Coinbase Global: ‘Other revenue’ at $50.30 million (+10.8%), ‘Net Revenue- Total Subscription and services’ at $541.66 million (+61.5%), ‘Net Revenue- Transaction revenue’ at $784.17 million (+139.7%), ‘Net Revenue- Transaction revenue- Consumer, net’ at $694.53 million (+124%), and more.

Analysts expect ‘Trading Volume’ to reach $226.65 billion, compared to $92 billion last year, and ‘Monthly Transacting Users’ to reach 7.59 million from 7.3 million previously. Coinbase Global shares have seen a +9.3% return in the past month, outperforming the Zacks S&P 500 composite’s -0.2%. With a Zacks Rank #3 (Hold), performance is expected to align with the market.

Read more at Nasdaq: Exploring Analyst Estimates for Coinbase Global (COIN) Q2 Earnings, Beyond Revenue and EPS