![]() No investment decision can be efficient without considering a stock's valuation. The company topped consensus revenue estimates two times over this period. Over the last four quarters, the company surpassed EPS estimates just once. EPS of $0.15 for the same period compares with -$1.98 a year ago.Ĭompared to the Zacks Consensus Estimate of $652.76 million, the reported revenues represent a surprise of +18.35%. reported revenues of $772.53 million in the last reported quarter, representing a year-over-year change of -33.8%. Last Reported Results and Surprise HistoryĬoinbase Global, Inc. For the current and next fiscal years, $2.82 billion and $3.29 billion estimates indicate -11.6% and +16.6% changes, respectively. the consensus sales estimate for the current quarter of $648.93 million indicates a year-over-year change of -19.7%. Therefore, knowing a company's potential revenue growth is crucial.įor Coinbase Global, Inc. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:Įven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. This estimate has changed +9.5% over the last 30 days. The consensus earnings estimate of -$2.68 for the current fiscal year indicates a year-over-year change of +77.4%. Over the last 30 days, the Zacks Consensus Estimate has changed +8.3%. is expected to post a loss of $0.78 per share for the current quarter, representing a year-over-year change of +84.2%. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.Ĭoinbase Global, Inc. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. And if earnings estimates go up for a company, the fair value for its stock goes up. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Now the key question is: Where could the stock be headed in the near term? belongs, has gained 8.1% over this period. The Zacks Securities and Exchanges industry, to which Coinbase Global, Inc. Shares of this company have returned +83.2% over the past month versus the Zacks S&P 500 composite's +3.4% change. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. (COIN) has recently been on 's list of the most searched stocks.
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