Cryptocurrency exchange giant Coinbase Global (NASDAQ:COIN) could create volatility for the crypto sector when the company reports first-quarter financial results Thursday after market close.
Here are the earnings estimates, what analysts are saying ahead of the report and the key items to watch.
• Coinbase Global stock is showing downward pressure. Where is COIN stock headed?
Coinbase Q1 Earnings Estimates
Analysts expect Coinbase to report first-quarter revenue of $1.50 billion, down from $2.03 billion in last year’s first quarter, according to data from Benzinga Pro.
The company has missed analyst estimates for revenue in four of the last six quarters, while beating estimates in six of the last 10 quarters overall.
Analysts expect Coinbase to report 26 cents per share in earnings for the first quarter, down from $1.94 per share in last year’s first quarter.
The company has beaten analyst estimates for earnings per share in eight of the past 10 quarters, while missing estimates in the most recently reported fourth quarter.
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