From Nasdaq:

Coinbase Global, Inc. (COIN) exceeded quarterly earnings expectations, earning $1.04 per share. This marked a significant improvement from the $2.46 per share loss one year earlier. The company also reported revenues of $953.8 million, surpassing the Zacks Consensus Estimate by over 30%.

Despite Coinbase Global, Inc.’s underperformance in the market so far, the company has delivered consecutive earnings and revenue beats. Revisions to earnings estimates strongly influence stock movements, and with the most recent figures out, sentiment for the stock remains a Hold.

Another company in the same industry, OTC Markets Group Inc. (OTCM), is expected to report earnings of $0.65 per share, down 7.1% year-over-year, alongside expected revenues of $28.33 million, a 3.8% increase from the previous year.

Relying on the Zacks Rank to assess future performance, the expectation is for Coinbase Global, Inc. to perform in line with the market. With the current estimate for EPS set at -$0.09 and $771.98 million in revenues for the coming quarter, it will certainly be interesting to see how the numbers may change in the near future.



Read more: Coinbase Global, Inc. (COIN) Q4 Earnings and Revenues Beat Estimates