Earnings Calendar for the week 12 Feb 2024 - Can Coinbase ride the BTC ETF wave?
Earnings Calendar (12 Feb 2024)
There are a few earnings of interest for the coming week starting 12 Feb 2024 including Monday, Shopify, Occidental, Coinbase and Cisco.
Let us look at Coinbase.
Since 2019, there has been an increase in revenue. However, there is a steep drop in revenue for 2022.
2022 ended in an operating loss of $2.67B.
Observations for TTM:
TTM revenue has reached $2.78B
TTM total expenses have fallen from $5.86B to $4.12B.
There is an improvement in EPS from -11.81 to -3.20.
However, the business continues to experience net loss.
The stock has risen 138% from a year ago. Investing has recommended the stock as a “Strong Buy”. There is a strong crypto ETF interest in the market.
From the article above, there are concerns about the impact of ETFs on Coinbase.
For the coming earnings, investing has a forecast of 0.0443 and 826.69M for its EPS and revenue respectively. Can Coinbase surge from the recent crypto ETF?
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