Coinbase Global, Inc. (COIN) closed the most recent trading day at $413.63, moving -1.47% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.14%. On the other hand, the Dow registered a loss of 0.04%, and the technology-centric Nasdaq increased by 0.38%.
The company's shares have seen an increase of 36.12% over the last month, surpassing the Finance sector's gain of 4.07% and the S&P 500's gain of 5.35%.
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's earnings per share (EPS) are projected to be $0.82, reflecting a 23.36% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.51 billion, up 3.99% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.9 per share and a revenue of $6.8 billion, signifying shifts of -61.84% and +3.59%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Coinbase Global, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.04% lower within the past month. Coinbase Global, Inc. is currently a Zacks Rank #3 (Hold).
Looking at valuation, Coinbase Global, Inc. is presently trading at a Forward P/E ratio of 144.75. This signifies a premium in comparison to the average Forward P/E of 12.69 for its industry.
We can additionally observe that COIN currently boasts a PEG ratio of 54.01. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - Miscellaneous Services industry had an average PEG ratio of 1 as trading concluded yesterday.
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 91, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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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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