Coinbase Global (NASDAQ:COIN – Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Coinbase Global to post earnings of $0.89 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Coinbase Global (NASDAQ:COIN – Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $1.13. The firm had revenue of $953.80 million for the quarter, compared to analyst estimates of $826.10 million. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The business’s quarterly revenue was up 51.6% compared to the same quarter last year. During the same period last year, the company earned ($2.46) EPS. On average, analysts expect Coinbase Global to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Coinbase Global Stock Down 5.1 %
Shares of COIN opened at $224.37 on Thursday. The firm has a market capitalization of $54.36 billion, a price-to-earnings ratio of 831.00 and a beta of 3.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. The business’s fifty day moving average price is $229.46 and its two-hundred day moving average price is $159.37. Coinbase Global has a 52 week low of $46.43 and a 52 week high of $283.48.
Insider Buying and Selling at Coinbase Global
Analysts Set New Price Targets
A number of research analysts have recently weighed in on COIN shares. The Goldman Sachs Group raised Coinbase Global from a “sell” rating to a “neutral” rating in a research note on Friday, March 8th. Raymond James raised Coinbase Global from an “underperform” rating to a “market perform” rating in a research note on Tuesday, March 12th. Barclays increased their price target on Coinbase Global from $146.00 to $179.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Mizuho increased their price target on Coinbase Global from $84.00 to $145.00 and gave the company an “underperform” rating in a research note on Friday, April 12th. Finally, Bank of America increased their price target on Coinbase Global from $92.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $165.43.
Read Our Latest Research Report on COIN
Coinbase Global Company Profile
Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.
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