From Nasdaq Inc.:

Wall Street expects Coinbase Global, Inc. to report an increase in earnings for the quarter ended December 2023. The earnings report is set to be released on February 15, 2024, and analysts are predicting a quarterly loss of $0.06 per share, a 97.6% increase from the previous year. Revenue is expected to be $731.94 million, a 16.4% increase from the year-ago quarter. The Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting a positive earnings surprise for the company. Coinbase Global, Inc. has a Zacks Rank of #3, indicating that results may beat the consensus EPS estimate.

In the same industry, CME Group is expected to post earnings of $2.27 per share for the quarter ended December 2023. This represents an 18.2% year-over-year change, with expected revenue of $1.43 billion, an 18.1% increase from the year-ago quarter. Despite a lower Most Accurate Estimate, CME Group has a history of beating consensus EPS estimates in each of the trailing four quarters.

The Semiconductor industry continues to show promise, with an expected explosion in global semiconductor manufacturing. Zacks Investment Research recommends investing in semiconductor stocks, particularly NVIDIA, which has seen an 800% increase in value. Additionally, a new top chip stock is predicted to experience significant growth due to the increasing demand for Artificial Intelligence, Machine Learning, and Internet of Things technologies. If successful, the semiconductor manufacturing industry is projected to grow from $452 billion in 2021 to $803 billion by 2028.



Read more: Coinbase Global, Inc. (COIN) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release