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Insights Into Coinbase Global (COIN) Q3: Wall Street Projections for Key Metrics
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Wall Street analysts forecast that Coinbase Global, Inc. (COIN - Free Report) will report quarterly loss of -$0.15 per share in its upcoming release, pointing to a year-over-year decline of 110.4%. It is anticipated that revenues will amount to $1.17 billion, exhibiting a decrease of 37.4% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 59.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Coinbase Global metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net revenue' of $1.10 billion. The estimate indicates a year-over-year change of -38.9%.
According to the collective judgment of analysts, 'Other revenue' should come in at $65.39 million. The estimate indicates a year-over-year change of -13.6%.
The consensus estimate for 'Net Revenue- Transaction revenue' stands at $526.79 million. The estimate indicates a year-over-year change of -49.7%.
Analysts forecast 'Net Revenue- Total Subscription and services' to reach $561.54 million. The estimate indicates a change of -24.8% from the prior-year quarter.
Analysts predict that the 'Net Revenue- Subscription and services- Stablecoin Revenue' will reach $313.66 million. The estimate indicates a change of -11.6% from the prior-year quarter.
The consensus among analysts is that 'Net Transaction Revenue- Consumer, net' will reach $434.26 million. The estimate indicates a year-over-year change of -48.5%.
Based on the collective assessment of analysts, 'Net Transaction Revenue- Other transaction revenue' should arrive at $45.40 million. The estimate points to a change of -32.9% from the year-ago quarter.
The average prediction of analysts places 'Trading Volume' at $134.05 billion. Compared to the current estimate, the company reported $295.00 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Monthly Transacting Users (MTUs)' will likely reach 8.11 million. The estimate is in contrast to the year-ago figure of 9.30 million.
Analysts' assessment points toward 'Trading Volume - Institutional' reaching $109.92 billion. Compared to the current estimate, the company reported $236.00 billion in the same quarter of the previous year.
It is projected by analysts that the 'Trading Volume - Consumer' will reach $24.14 billion. Compared to the current estimate, the company reported $59.00 billion in the same quarter of the previous year.
Analysts expect 'Assets on Platform' to come in at $318.45 billion. Compared to the current estimate, the company reported $516.00 billion in the same quarter of the previous year.
Shares of Coinbase Global have experienced a change of -15.7% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), COIN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Insights Into Coinbase Global (COIN) Q3: Wall Street Projections for Key Metrics
Wall Street analysts forecast that Coinbase Global, Inc. (COIN - Free Report) will report quarterly loss of -$0.15 per share in its upcoming release, pointing to a year-over-year decline of 110.4%. It is anticipated that revenues will amount to $1.17 billion, exhibiting a decrease of 37.4% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 59.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Coinbase Global metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net revenue' of $1.10 billion. The estimate indicates a year-over-year change of -38.9%.
According to the collective judgment of analysts, 'Other revenue' should come in at $65.39 million. The estimate indicates a year-over-year change of -13.6%.
The consensus estimate for 'Net Revenue- Transaction revenue' stands at $526.79 million. The estimate indicates a year-over-year change of -49.7%.
Analysts forecast 'Net Revenue- Total Subscription and services' to reach $561.54 million. The estimate indicates a change of -24.8% from the prior-year quarter.
Analysts predict that the 'Net Revenue- Subscription and services- Stablecoin Revenue' will reach $313.66 million. The estimate indicates a change of -11.6% from the prior-year quarter.
The consensus among analysts is that 'Net Transaction Revenue- Consumer, net' will reach $434.26 million. The estimate indicates a year-over-year change of -48.5%.
Based on the collective assessment of analysts, 'Net Transaction Revenue- Other transaction revenue' should arrive at $45.40 million. The estimate points to a change of -32.9% from the year-ago quarter.
The average prediction of analysts places 'Trading Volume' at $134.05 billion. Compared to the current estimate, the company reported $295.00 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Monthly Transacting Users (MTUs)' will likely reach 8.11 million. The estimate is in contrast to the year-ago figure of 9.30 million.
Analysts' assessment points toward 'Trading Volume - Institutional' reaching $109.92 billion. Compared to the current estimate, the company reported $236.00 billion in the same quarter of the previous year.
It is projected by analysts that the 'Trading Volume - Consumer' will reach $24.14 billion. Compared to the current estimate, the company reported $59.00 billion in the same quarter of the previous year.
Analysts expect 'Assets on Platform' to come in at $318.45 billion. Compared to the current estimate, the company reported $516.00 billion in the same quarter of the previous year.
View all Key Company Metrics for Coinbase Global here>>>Shares of Coinbase Global have experienced a change of -15.7% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), COIN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .