| --- | --- | |------------------------------------|-------| | | | | SHAREHOLDERLETTER | | | August 1, 2024 Second Quarter 2024 | | Fellow Shareholders, * See footnote (1) below. Figures have been rounded for presentation purposes only. Q2 was a quarter of strong progress for Coinbase and the crypto industry. In addition to solid financial results and continuing to build trusted products to help drive crypto adoption, Coinbase and the crypto industry made great strides towards achieving regulatory clarity i ...

Core Viewpoint - Coinbase Global (COIN) is expected to report strong second-quarter 2024 results, driven by increased trading volumes and transaction revenues due to improved crypto asset prices and volatility [1][2]. Group 1: Trading Volumes - Increased crypto asset volatility and improved prices are likely to have aided trading volumes in Q2 2024, with crypto trading remaining a major revenue driver for Coinbase [2]. - The Zacks Consensus Estimate for total trading volume is pegged at 266.6 million, indicating an improvement of nearly threefold from the year-ago reported number [4]. - The consensus estimate for total volume - Consumer is pegged at 43.6 million, suggesting a 211% increase from the year-ago reported number, while the estimate for total volume - Institution is pegged at 185.5 million, indicating a surge of 137% from the year-ago reported number [4]. Group 2: Transaction Revenues - Transaction revenues are likely to have benefited from higher blended average fees for both Consumer and Institutional segments [5]. - The Zacks Consensus Estimate for transaction revenues is pegged at $714 million, indicating an increase of 140% from the year-ago reported figure [5]. - The consensus estimate for transaction revenues - Consumer is pegged at $695 million, suggesting an increase of 124% from the year-ago reported number, while the estimate for transaction revenues - Institutional is pegged at $55 million, implying an upside of 221.6% from the year-ago reported number [6]. Group 3: Earnings Predictions - Coinbase's Earnings ESP is -20.43%, indicating that the model does not predict an earnings beat this time around [7]. - The company currently holds a Zacks Rank of 3, which does not increase the odds of an earnings beat [7].

As one of the largest cryptocurrency exchanges in the world, Coinbase (NASDAQ: COIN) stands to gain significantly from increased governmental and institutional adoption of Bitcoin. With the US government potentially holding a large Bitcoin reserve, the demand for secure and compliant platforms for trading and custody will likely increase. Coinbase's established infrastructure and regulatory compliance make it a prime candidate for managing these assets. As of press time, Coinbase was trading at $227. In the ...

A major consideration when choosing blockchain stocks is regulatory risk. Due to its young age, the blockchain industry does not yet have clear regulations. Understanding how future regulation could affect your investment is essential. This could be huge for the industry if Trump wins the upcoming election. Such a victory could bode well for the future of crypto regulation. With rising interest amongst institutional investors, these blockchain stocks could receive a huge boost in the future. Source: fatmawa ...

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Are tech stocks a sell nowadays? That depends on the potential opportunities specific to each company. In 2024's competitive election, some "little tech" stocks could benefit from Donald Trump's Candidacy. Below are 3 little tech stocks that may get that boost. It's hard to make a tech stock list that could benefit from a Trump victory without mentioning his own social media company. Donald Trump has always had a contentious relationship with both legacy and new media platforms. These tensions became even m ...

As we approach the end of July, the allure of high-flying growth stocks may be wearing thin for some investors. While these stocks have been the darlings of Wall Street during periods of bullish market sentiments, not all growth narratives continue upward indefinitely. In recent months, some growth stocks have shown signs of faltering under the weight of unrealistic expectations and fundamental economic shifts. Whether it's due to diminishing returns, market saturation, or unfavorable changes in their indus ...

Coinbase's roots and history of growth But these are just recent numbers. Previous rounds of fundraising show just how monumental Coinbase's growth story has been. Consider that in 2015 the company was valued at just under $500 million after its Series C fundraising. Since then Coinbase has grown by more than 12,000%; it is currently valued at roughly $65 billion. The company's commitment to innovation is evident in the launch of its very own blockchain, Base, and its role in the recently approved spot Bitc ...

It's worth noting that Intuitive Surgical reported earnings per share of $1.46 for Q1 2024. On a year-on-year basis, the EPS increased by 23.7%. That would imply a price-earnings-to-growth ratio of 2.9 and underscores my view on stretched valuations. In terms of positives, the number of da Vinci Surgical Systems installed in hospitals globally continues to swell. That has translated into a sustained increase in recurring revenue. Further, of the total 9,203 da Vinci system installed base, 5,385 are in the U ...

The earnings report, which is expected to be released on August 1, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $1.45 billion, up 104.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.51% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collecti ...