Alesia Haas, Coinbase CFO, joins 'Closing Bell Overtime' to talk Coinbase's quarterly results.
The crypto exchange called its second quarter “solid,” but revenue dropped 26% quarter-on-quarter and some of its guidance was also disappointing.
Coinbase Global (COIN) is set to report second-quarter earnings after the closing bell today, with traders anticipating a big swing from the crypto exchange's stock.
COIN aims for a Q2 beat as trading volume rises, stablecoins grow and new revenue streams from Deribit take hold.
Bank of America has raised its revenue estimates for Coinbase Global Inc (NASDAQ:COIN) ahead of the crypto exchange's second-quarter results, but warned that weaker trading volumes and ongoing pressure on transaction revenue could weigh on earnings. The bank maintained its “Hold” rating on the stock and increased its price target to $405 from $260.
COIN's Q2 results may get a lift from surging trading volumes, rising crypto prices and gains in U.S. derivatives markets.
If you bought Coinbase's stock two months ago when Monness Crespi Hardt analyst Gus Gala recommended it, you should take the profit now, he said.
COIN's broader revenue streams and strategic U.S. focus may offer steadier returns than CRCL's stablecoin-centric model.
Coinbase Global (COIN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The three crypto related stocks in this analysis all look like they are trying to rally over the longer- term, but the outlier for the session is Circle, which makes sense because it is recovering from the recent IPO volatility.
Coinbase Global, Inc. (COIN) closed the most recent trading day at $413.63, moving 1.47% from the previous trading session.
Coinbase Global (COIN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.