Coinbase Global, Inc. (COIN) Tops Q1 Earnings Estimates

Financial Performance - Coinbase Global, Inc. reported quarterly earnings of $1.94 per share, exceeding the Zacks Consensus Estimate of $1.85 per share, and up from $1.65 per share a year ago, representing an earnings surprise of 4.86% [1] - The company posted revenues of $2.03 billion for the quarter ended March 2025, which missed the Zacks Consensus Estimate by 4.12%, compared to year-ago revenues of $1.64 billion [2] - Over the last four quarters, Coinbase has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance and Outlook - Coinbase Global shares have declined approximately 20.8% since the beginning of the year, while the S&P 500 has decreased by 4.3% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $1.49 on revenues of $1.85 billion, and for the current fiscal year, it is $6.75 on revenues of $7.83 billion [7] Industry Context - The Zacks Industry Rank for Financial - Miscellaneous Services, to which Coinbase belongs, is currently in the bottom 43% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]