Coinbase Global, Inc. (COIN) Exceeds Market Returns: Some Facts to Consider

Group 1 - Coinbase Global, Inc. (COIN) closed at $302.20, reflecting a +1.05% change from the previous day's closing price, outperforming the S&P 500's gain of 0.21% [1] - Over the past month, shares of Coinbase have decreased by 3.69%, underperforming the Finance sector's gain of 3.47% and the S&P 500's gain of 3.07% [1] Group 2 - Coinbase is expected to report an EPS of $1.04, indicating a 67.74% growth year-over-year, with quarterly revenue projected at $1.71 billion, up 42.19% from the same quarter last year [2] - For the entire fiscal year, earnings are projected at $7.01 per share and revenue at $7.03 billion, representing changes of -7.76% and +7.16% respectively from the prior year [3] Group 3 - Recent analyst estimate revisions for Coinbase are important as they reflect short-term business trends, with positive revisions indicating analyst optimism about the company's profitability [4] - The Zacks Rank system, which incorporates estimate changes, has a proven track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [5][6] Group 4 - Coinbase is currently trading at a Forward P/E ratio of 42.66, which is a premium compared to the industry average Forward P/E of 11.9 [7] - The Financial - Miscellaneous Services industry, to which Coinbase belongs, has a Zacks Industry Rank of 53, placing it in the top 22% of over 250 industries [7][8]