From Nasdaq, Inc.:

In recent market activity, Coinbase Global, Inc. (COIN) closed at $153.98, showing a -1.04% drop compared to the previous day, lagging behind the S&P 500 and Nasdaq indexes. However, over the past month, the company’s stock has outperformed the Finance sector, with a 14.25% increase.

Looking ahead, Coinbase Global, Inc. is projected to report earnings of -$0.19 per share, representing a 92.28% growth year-over-year. The company is expected to have revenue of $700.96 million, an 11.42% increase from the same quarter last year. Recent adjustments to analyst estimates reflect an optimistic outlook on the company’s business health and profitability.

Investors can use the Zacks Rank, a proven rating system, to capitalize on changes in estimates and upcoming stock price performance. The Zacks Consensus EPS estimate for Coinbase Global, Inc. has risen 5.04% over the past month and currently holds a Zacks Rank of #2 (Buy).

The Securities and Exchanges industry, to which Coinbase Global, Inc. belongs, has a Zacks Industry Rank of 32, placing it in the top 13% of all 250+ industries. The top 50% rated industries outperform the bottom half by a factor of 2 to 1 based on our research.

Stay informed with Zacks.com for more information on these metrics and more. You can also access Zacks’ recommendations for $1 and get acquainted with their portfolio services.

For more updates or for free stock analysis, you can access the full article on Zacks.com. The views and opinions expressed are of the author and not necessarily those of Nasdaq, Inc.



Read more: Coinbase Global, Inc. (COIN) Stock Falls Amid Market Uptick: What Investors Need to Know