Coinbase Global, Inc. stock saw a small decrease, but is expected to have strong earnings.

From Nasdaq

October 15, 2024 5:45 PM:

In the latest market close, Coinbase Global, Inc. (COIN) saw a small decrease to $196.34, outperforming the S&P 500 but underperforming the Dow and Nasdaq. The company’s shares have risen by 21.58% in the past month, exceeding sector and S&P 500 gains.

On October 30, 2024, Coinbase Global, Inc. is set to release its earnings report, with an expected earnings per share of $0.34, reflecting a 3500% year-over-year growth. Analysts predict quarterly revenue of $1.25 billion and yearly earnings of $5.16 per share and revenue of $5.64 billion, showing significant increases.

The Zacks Rank rating system evaluates estimate revisions for companies, indicating positive outlooks. With a ranking of #3 (Hold) and a Forward P/E ratio of 38.04, Coinbase Global, Inc. is trading at a premium compared to its industry average. The Financial Transaction Services industry holds a Zacks Industry Rank of 78.

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Read more at Nasdaq: Coinbase Global, Inc. (COIN) Stock Moves -0.01%: What You Should Know