In the latest close session, Coinbase Global, Inc. (COIN) was up +1.8% at $394.01. This move outpaced the S&P 500's daily gain of 0.14%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.27%.
The company's shares have seen an increase of 59.47% over the last month, surpassing the Finance sector's gain of 2.72% and the S&P 500's gain of 3.97%.
The investment community will be closely monitoring the performance of Coinbase Global, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on July 31, 2025. The company is expected to report EPS of $0.84, down 21.5% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.53 billion, up 5.42% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.92 per share and revenue of $6.87 billion, indicating changes of -61.58% and +4.63%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Coinbase Global, Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.44% higher. At present, Coinbase Global, Inc. boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Coinbase Global, Inc. is presently being traded at a Forward P/E ratio of 132.46. This signifies a premium in comparison to the average Forward P/E of 11.95 for its industry.
Investors should also note that COIN has a PEG ratio of 49.43 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Financial - Miscellaneous Services industry currently had an average PEG ratio of 1.01 as of yesterday's close.
The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 141, positioning it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Coinbase Global, Inc. (COIN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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