Coinbase's Robust Momentum and Earnings Growth
Key points:
- Coinbase outperforms industry and S&P 500
- Earnings estimates for Coinbase increased
- Full-year earnings projected to rise by 172.97%
Coinbase Global, Inc. (COIN) has been acknowledged for its robust momentum, which is evident in its substantial price increases over various time frames and its outperformance of its industry and the S&P 500. This momentum is further bolstered by upward revisions of earnings estimates for the company.
Analysts have increased their earnings estimates for Coinbase, indicating a growing optimism about its earnings prospects. For the current quarter, the company is expected to earn $0.34 per share, a change of +126.67% from the figure reported a year ago.
Additionally, the company's full-year earnings are projected to be $1.01 per share, a change of +172.97% from the previous year.