Wall Street analysts anticipate Coinbase Global, Inc. (COIN) to report quarterly earnings of $1.06 per share, a 71% increase year-over-year, with revenues expected to be $1.74 billion, up 44.1% from last year. Analysts have adjusted EPS estimates upward by 2.6% over the past 30 days.

Analysts emphasize the importance of considering changes in earnings estimates before a company releases its earnings report. These changes can impact investor reactions. Trends in earnings estimate revisions have shown a strong correlation with short-term stock price performance.

Examining specific key metrics forecasts for Coinbase Global is crucial for investors. Analysts project ‘Net Revenue- Total Subscription and services’ at $712.26 million (+28.1% y-o-y) and ‘Net Revenue- Transaction revenue’ at $939.45 million (+64.1% y-o-y).

Further predictions for Coinbase Global metrics include ‘Other revenue’ at $76.83 million (+0.3% y-o-y) and ‘Net revenue’ at $1.66 billion (+47.1% y-o-y). Analysts also estimate ‘Net Revenue- Subscription and services- Blockchain’ at $166.82 million (+7.8% y-o-y).

Analysts anticipate ‘Trading Volume – Consumer’ to reach $53.44 billion, ‘Trading Volume – Institutional’ at $245.98 billion, and ‘Trading Volume’ at $299.41 billion. Monthly Transacting Users (MTUs) are predicted to be 8.59 million.

Coinbase Global shares have seen a 13.4% change in the past month, outperforming the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), COIN is expected to closely follow market performance. The AI revolution may offer lucrative opportunities in lesser-known firms addressing significant global challenges.

Read more at NASDAQ.: Coinbase Global (COIN) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates