Coinbase Global stock falls as market rises, analysts predict decline in earnings

From Nasdaq
February 4, 2025 5:45:20 pm:

Coinbase Global, Inc. (COIN) closed at $280.39, down 1.41% from the previous day. The stock underperformed the S&P 500, which gained 0.72%. Analysts expect earnings of $0.87 per share in the upcoming report on February 13, 2025, a 16.35% decline year-over-year, with revenue forecasted at $1.59 billion, up 67.18% from the previous year.

Recent analyst estimate adjustments for Coinbase Global, Inc. can impact stock price performance. The Zacks Rank system, currently rating COIN as #3 (Hold), has a history of strong performance. The stock is trading at a Forward P/E ratio of 81.67, a premium compared to the industry average of 14.3.

The Financial Transaction Services industry, part of the Business Services sector, ranks 90 out of 250+ industries. Industries with higher Zacks Industry Rank tend to outperform others. Stay updated on stock metrics with Zacks.com. Director of Research Sheraz Mian has chosen a stock set to double, targeting millennial and Gen Z audiences, with potential for significant growth.

Read more at Nasdaq: Coinbase Global, Inc. (COIN) Stock Slides as Market Rises: Facts to Know Before You Trade