From Nasdaq

August 1, 2024 7:30:30 pm:

Coinbase Global, Inc. (COIN) reported revenue of $1.45 billion for the quarter ended June 2024, up by 104.8% from the same period last year. The EPS was $1.07, compared to -$0.42 in the year-ago quarter. The reported revenue surpassed the Zacks Consensus Estimate by +1.19%, while EPS met expectations.

Investors analyze key metrics like trading volume, monthly users, and revenue to gauge a company’s performance. In Q2, Coinbase Global’s metrics differed from analyst estimates. Metrics include Consumer Trading Volume at $37 billion, Monthly Transacting Users at 8.2 million, net revenue at $1.38 billion, and other revenues at $69.69 million.

Coinbase Global’s stock performance has been stagnant, with a return of -0.3% over the last month. It currently holds a Zacks Rank #3 (Hold), indicating performance in line with the market. The company’s performance metrics suggest areas where it fell short or exceeded analyst expectations, influencing investor decisions.

Read more at NASDAQ Stock Market: Coinbase Global (COIN) Reports Q2 Earnings: What Key Metrics Have to Say