Here's Why Coinbase Global, Inc. (COIN) Gained But Lagged the Market Today

Company Performance - Coinbase Global, Inc. (COIN) closed at $176.58, with a daily increase of +0.62%, underperforming the S&P 500's gain of 0.79% [1] - Over the past month, COIN's stock has decreased by 4.16%, compared to the Finance sector's loss of 2.86% and the S&P 500's loss of 3.56% [1] Upcoming Earnings - The earnings report for Coinbase Global, Inc. is anticipated on May 8, 2025, with projected earnings of$ 2.18 per share, reflecting a year-over-year growth of 32.12% [2] - Revenue is expected to reach $2.27 billion, indicating a 38.51% increase compared to the same quarter last year [2] Annual Estimates - For the annual period, Zacks Consensus Estimates predict earnings of$ 7.16 per share and revenue of $8.28 billion, representing changes of -5.79% and +26.15% respectively from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Coinbase Global, Inc. are important as they indicate shifts in near-term business trends, with positive changes suggesting analyst optimism regarding the company's performance [4] Zacks Rank - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows that COIN currently holds a Zacks Rank of 1 (Strong Buy), with a historical average annual gain of +25% for 1 stocks since 1988 [6] - The Zacks Consensus EPS estimate for COIN has increased by 2.53% in the past month [6] Valuation Metrics - Coinbase Global, Inc. has a Forward P/E ratio of 24.53, which is a premium compared to its industry's Forward P/E of 8.74 [7] - The company also has a PEG ratio of 9.15, while the Financial - Miscellaneous Services industry has an average PEG ratio of 0.9 [7] Industry Overview - The Financial - Miscellaneous Services industry, part of the Finance sector, holds a Zacks Industry Rank of 47, placing it in the top 19% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]