We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Coinbase Global, Inc. (COIN) Rises As Market Takes a Dip: Key Facts
Read MoreHide Full Article
Coinbase Global, Inc. (COIN - Free Report) closed at $255.86 in the latest trading session, marking a +1.25% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 1%.
Prior to today's trading, shares of the company had gained 0.03% lagged the Finance sector's gain of 0.87% and the S&P 500's gain of 2.06%.
The investment community will be closely monitoring the performance of Coinbase Global, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of $1.02, indicating a 69.91% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.87 billion, down 17.85% from the year-ago period.
COIN's full-year Zacks Consensus Estimates are calling for earnings of $7.92 per share and revenue of $7.28 billion. These results would represent year-over-year changes of +4.21% and 0%, respectively.
It is also important to note the recent changes to analyst estimates for Coinbase Global, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.65% lower. Coinbase Global, Inc. is currently sporting a Zacks Rank of #4 (Sell).
Looking at valuation, Coinbase Global, Inc. is presently trading at a Forward P/E ratio of 43.97. This indicates a premium in contrast to its industry's Forward P/E of 11.81.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 169, finds itself in the bottom 32% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow COIN in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Coinbase Global, Inc. (COIN) Rises As Market Takes a Dip: Key Facts
Coinbase Global, Inc. (COIN - Free Report) closed at $255.86 in the latest trading session, marking a +1.25% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 1%.
Prior to today's trading, shares of the company had gained 0.03% lagged the Finance sector's gain of 0.87% and the S&P 500's gain of 2.06%.
The investment community will be closely monitoring the performance of Coinbase Global, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of $1.02, indicating a 69.91% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.87 billion, down 17.85% from the year-ago period.
COIN's full-year Zacks Consensus Estimates are calling for earnings of $7.92 per share and revenue of $7.28 billion. These results would represent year-over-year changes of +4.21% and 0%, respectively.
It is also important to note the recent changes to analyst estimates for Coinbase Global, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.65% lower. Coinbase Global, Inc. is currently sporting a Zacks Rank of #4 (Sell).
Looking at valuation, Coinbase Global, Inc. is presently trading at a Forward P/E ratio of 43.97. This indicates a premium in contrast to its industry's Forward P/E of 11.81.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 169, finds itself in the bottom 32% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow COIN in the coming trading sessions, be sure to utilize Zacks.com.