Coinbase Q2 Earnings Preview: Can Streak Of 5 Straight Beats Continue? 'We Underestimated Bitcoin ETF Strength,' Analyst Says
Portfolio Pulse from Chris Katje
Coinbase Global (NASDAQ:COIN) is set to report its Q2 earnings, with analysts expecting revenue of $1.4 billion and earnings per share of 93 cents. The company has beaten revenue estimates for six straight quarters and earnings estimates for five straight quarters. Analysts have mixed ratings on Coinbase, with price targets ranging from $181 to $345. Key items to watch include commentary on Bitcoin and Ethereum ETFs and the impact of subscription and services revenue.
July 31, 2024 | 8:44 pm
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Coinbase is expected to report Q2 revenue of $1.4 billion and earnings per share of 93 cents. The company has a strong track record of beating estimates. Analysts have mixed ratings, with price targets ranging from $181 to $345. Key focus will be on Bitcoin and Ethereum ETFs and subscription revenue.
Coinbase has a strong track record of beating earnings and revenue estimates, which is likely to positively impact the stock price in the short term. The focus on Bitcoin and Ethereum ETFs and subscription revenue could further boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100