From Nasdaq
February 17, 2025 12:11:00 PM:

Coinbase Global Inc. reported strong Q4 2024 results with both top and bottom lines increasing year over year. Adjusted EBITDA was $1.3 billion, nearly four times higher than the previous year. The company provides financial infrastructure for the crypto economy and has a market cap of $69.6 billion.

COIN’s operating earnings per share of $3.39 beat estimates by 74.7%, with net income of $4.68 per share. Total revenues of $2.3 billion surpassed estimates by 21.3%, driven by higher transaction revenues. Total trading volume doubled year over year to $439 million in Q4.

Analysts are optimistic about COIN, with two raising 2025 estimates and one raising 2026 estimates. The Zacks Consensus Estimate for 2025 is $4.56 per share, while the estimate for 2026 is $5.20 per share. COIN’s stock has gained 10.4% YTD, outperforming the industry and sector.

COIN’s return on equity in the trailing 12 months was 20.64%, higher than the industry average. The return on invested capital was 10.6%, compared favorably with the industry average. However, COIN shares trade at a premium to the industry with a forward P/E of 59.05X.

COIN is focused on growth by expanding its market share and product portfolio. Despite operational risks, the company aims to accelerate growth in the crypto market and improve user experience. With a Zacks Rank #1 (Strong Buy), COIN remains a strong investment option with potential for better returns.

Read more at Nasdaq.: Is Coinbase Global Stock Still Worth Buying Post Q4 Earnings?