Coinbase Q4 Earnings Preview: Analysts Estimates, Bitcoin ETF Impact, International Expansion And More
Portfolio Pulse from Chris Katje
Coinbase Global Inc (NASDAQ:COIN) is set to report its Q4 financial results, with analysts expecting $822.36 million in revenue and a loss of 1 cent per share. The company has a history of beating revenue estimates but has missed EPS estimates in four of the last seven quarters. Analysts have mixed views, with upgrades and downgrades based on the potential impact of Bitcoin ETFs, international expansion, and competition. Key points include the launch of Bitcoin ETFs, international expansion, and the diversification of cryptocurrencies.
February 14, 2024 | 6:04 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Coinbase is anticipated to report Q4 revenue of $822.36 million with a slight loss per share. Analysts have mixed views, with some upgrading the stock based on potential positive outcomes from a lawsuit and Bitcoin ETFs, while others downgrade due to competition and market challenges.
The mixed analyst ratings and the anticipation of the earnings report create uncertainty. Positive outcomes from the lawsuit and Bitcoin ETFs could boost the stock, but competition and market challenges present risks. The expected revenue growth year-over-year indicates strength, but the history of missing EPS estimates adds caution.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100