Coinbase Global, Inc. (COIN) closed at $337.54, up 1.06% from the previous day, outpacing the S&P 500 and Nasdaq. Shares have gained 9.67% in the past month. The company is expected to post an EPS of $1.04 and revenue of $1.71 billion, with a Zacks Rank of #3 (Hold).

The Financial sector is closely monitoring Coinbase Global, Inc.’s performance ahead of its earnings report. Analysts predict earnings of $7.01 per share and revenue of $7.03 billion for the entire year. The company is currently trading at a premium Forward P/E ratio of 47.65 compared to the industry average of 13.

Zacks Rank system, which rates stocks from #1 (Strong Buy) to #5 (Strong Sell), has Coinbase Global, Inc. at #3 (Hold). The company is part of the Financial – Miscellaneous Services industry, which currently ranks 78 out of over 250 industries. Top-rated industries tend to outperform the bottom half by 2 to 1 ratio.

Experts have identified 7 elite stocks as Zacks Rank #1 Strong Buys, expected to have early price pops. Since 1988, this list has outperformed the market by over 2X with an average gain of +23.5% per year. Investors are advised to keep an eye on these stocks for potential opportunities.

Read more at Nasdaq: Coinbase Global, Inc. (COIN) Outperforms Broader Market: What You Need to Know