Q: What is Coinbase Global, Inc. 2024/Q1 Earnings Preview?

TigerGPT Answer: 【Forecast Data】

The financial forecast data for Coinbase Global, Inc. (COIN) this quarter includes an earnings per share (EPS) estimate of $0.97, total revenue estimate of $1,317,516,470, and EBIT estimate of $339,847,620. Compared to the same period last year, the EPS has increased significantly from -$0.34 to $0.97, indicating a turnaround from a loss to a profit. Total revenue is expected to increase by approximately 70.5% from $772,529,000, and EBIT is expected to improve from a loss of $123,875,000 to a profit of $339,847,620, which is a substantial improvement in operating performance.

【Quarterly Important News】

Key news over the past quarter includes concerns about cryptocurrency funds experiencing outflows due to fears of a hawkish Federal Reserve, which could indicate a challenging environment for crypto-related businesses. However, the completion of Bitcoin's mining reward halving and the subsequent rise in Bitcoin's price, along with Coinbase's $15 million ad campaign durin

Will COIN Rebound or Plunge After Earnings?

Coinbase reports first-quarter revenue beat after bitcoin rally leads to surge in profit. ------------ What's your target price for Coinbase? At what price would you buy the crypto stocks?

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(COIN) this quarter includes an earnings per share (EPS) estimate of $0.97, total revenue estimate of $1,317,516,470, and EBIT estimate of $339,847,620. Compared to the same period last year, the EPS has increased significantly from -$0.34 to $0.97, indicating a turnaround from a loss to a profit. Total revenue is expected to increase by approximately 70.5% from $772,529,000, and EBIT is expected to improve from a loss of $123,875,000 to a profit of $339,847,620, which is a substantial improvement in operating performance.</p> \n<p></p> \n<p>【Quarterly Important News】</p> \n<p>Key news over the past quarter includes concerns about cryptocurrency funds experiencing outflows due to fears of a hawkish Federal Reserve, which could indicate a challenging environment for crypto-related businesses. 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