From Nasdaq:

Coinbase Global, Inc. (COIN) ended the trading session at $124.75 with a +0.33% change, lagging behind the S&P 500, which gained 1.23%. Over the past month, COIN shares fell 26%, following the Finance sector’s 3.81% loss and only a 0.94% gain in the S&P 500.

A wait for COIN’s earnings report is expected, with forecasts of -$0.12 per share and an estimated revenue of $710.83 million. Recent analyst estimate revisions reflect the evolving short-term business trends, indicating positive analyst confidence in the company’s business performance and profit potential.

The Zacks Rank system, with a #2 (Buy) rating for COIN, has a strong track record. The current Zacks Consensus EPS estimate witnessed a 13.07% increase over the last 30 days, with the Securities and Exchanges industry holding a Zacks Industry Rank of 16.

Zacks advises that as the Zacks Industry Rank indicates industry group strength, top 50% rated industries outperform the bottom half by 2 to 1.

Zacks encourages monitoring stock-impacting metrics on Zacks.com in succeeding trading sessions for insights into COIN’s performance.

Coinbase Global, Inc. (COIN) : Free Stock Analysis Report

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