Beyond analysts' top -and-bottom-line estimates for Coinbase Global (COIN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Coinbase stock price will be in the spotlight next week as the blue-chip crypto exchange publishes its fourth quarter earnings that will cap its best year on record. COIN has remained in a tight range this year as Bitcoin and most altcoins retreated.
Coinbase must face a lawsuit by customers who accused the largest U.S. cryptocurrency exchange of illegally selling securities without registering as a broker-dealer, a federal judge ruled on Friday.
I estimate Coinbase's Q4 revenue to be in the ballpark of $2 billion; driven by strong transaction volume, growth in Base sequencer fees, and stablecoin revenue. Base network organic growth and leading metrics in transactions and stablecoin transfer volume highlight its sustained success compared to other L2 networks. Despite positive Q4 projections, Coinbase's reliance on consumer transaction volume and high valuation multiples pose long-term challenges.
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.
Coinbase Global, Inc. (COIN) closed at $280.39 in the latest trading session, marking a -1.41% move from the prior day.
Coinbase Chief Policy Officer Faryar Shirzad says they evaluate every coin before listing to make sure it's cybersecure, there's no scam and it's not a security, and Trump's memecoin was no different. He speaks with Tim Stenovec and Katie Greifeld on "Bloomberg Crypto.
Coinbase Global on Tuesday renewed its call for U.S. banking regulators to clarify or revise their position on banks offering cryptocurrency services as well as potentially doing tie-ups with companies in the digital assets sector.
The crypto market has had a strong start to the year, continuing its upward trend from 2024. One cryptocurrency stock that could be poised for significant growth is Coinbase (COIN -0.98%), which is up over 8% this year as I write this.
Stocks have pulled off a massive V-shaped rally in today's trading session.
For Q4 2024 earnings, Coinbase is expected to beat Wall Street revenue estimates by 26% and EPS estimates by 407%. Our projections suggest a revenue of $2.0 billion and EPS of $5.73. Consumer volumes surged in Q4 2024, while institutional adoption and diversified revenue streams supported stability. FASB accounting changes will boost profits by an additional ~$600M. Coinbase's anticipated March inclusion in the S&P 500 will trigger significant buying from ETFs and mutual funds, driving at least $2.5 billion in demand, further boosting its stock price.
The YieldMax COIN Option Income Strategy ETF offers an 81.57% distribution yield by executing a covered call strategy on Coinbase. Despite attracting $1.12 billion in assets, CONY underperforms COIN significantly, especially during rapid price surges, due to its covered call strategy. Covered call selling doesn't necessarily deliver high total returns and could distort the market, especially in an extended bear market for Coinbase.