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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
