From Nasdaq Corporation

April 14, 2025 5:45:00 pm:

In the latest market close, Coinbase Global, Inc. (COIN) reached $176.58, with a +0.62% movement compared to the previous day. The stock’s performance lagged behind the S&P 500, which saw a daily gain of 0.79%. The upcoming earnings release on May 8, 2025, is expected to show year-over-year growth in earnings and revenue for Coinbase Global, Inc.

Analysts anticipate Coinbase Global, Inc. to report earnings of $2.18 per share with revenue of $2.27 billion on May 8, 2025. The Zacks Consensus Estimates for the annual period project earnings of $7.16 per share and revenue of $8.28 billion. Recent analyst forecast revisions indicate optimism for the company’s business and profitability, leading to a Zacks Rank of #1 (Strong Buy).

Coinbase Global, Inc. is currently traded at a Forward P/E ratio of 24.53, reflecting a premium compared to its industry’s Forward P/E of 8.74. The company also has a PEG ratio of 9.15, higher than the industry average. The Financial – Miscellaneous Services industry, where Coinbase Global, Inc. belongs, has a Zacks Industry Rank of 47, placing it in the top 19% of all industries.

Investors can track stock-moving metrics for Coinbase Global, Inc. and other companies using Zacks.com. The platform provides valuable insights into stock performance, analyst estimates, and industry rankings. Stay informed to make well-informed investment decisions in the coming trading sessions.

Read more at Nasdaq: Here’s Why Coinbase Global, Inc. (COIN) Gained But Lagged the Market Today