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) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
Coinbase Global, Inc. (COIN - Free Report) ended the recent trading session at $186.41, demonstrating a -1.9% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.25% for the day. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.24%.
Shares of the company have appreciated by 7.47% over the course of the past month, outperforming the Finance sector's loss of 4.43%, and the S&P 500's loss of 0.42%.
The upcoming earnings release of Coinbase Global, Inc. will be of great interest to investors. On that day, Coinbase Global, Inc. is projected to report earnings of -$0.22 per share, which would represent a year-over-year decline of 115.28%. Simultaneously, our latest consensus estimate expects the revenue to be $1.14 billion, showing a 39.15% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.48 per share and revenue of $5.24 billion, which would represent changes of -111.91% and -27.07%, respectively, from the prior year.
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. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 11.93% lower within the past month. Coinbase Global, Inc. currently has a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 101, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Coinbase Global, Inc. (COIN) Dips More Than Broader Market: What You Should Know
Coinbase Global, Inc. (COIN - Free Report) ended the recent trading session at $186.41, demonstrating a -1.9% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.25% for the day. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.24%.
Shares of the company have appreciated by 7.47% over the course of the past month, outperforming the Finance sector's loss of 4.43%, and the S&P 500's loss of 0.42%.
The upcoming earnings release of Coinbase Global, Inc. will be of great interest to investors. On that day, Coinbase Global, Inc. is projected to report earnings of -$0.22 per share, which would represent a year-over-year decline of 115.28%. Simultaneously, our latest consensus estimate expects the revenue to be $1.14 billion, showing a 39.15% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.48 per share and revenue of $5.24 billion, which would represent changes of -111.91% and -27.07%, respectively, from the prior year.
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. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 11.93% lower within the past month. Coinbase Global, Inc. currently has a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 101, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.