Coinbase Global, Inc. (COIN) Registers a Bigger Fall Than the Market: Important Facts to Note

Group 1 - Coinbase Global, Inc. closed at $236.90, reflecting a -1.18% change from the previous day, underperforming the S&P 500, which lost 0.03% [1] - Over the past month, Coinbase shares have decreased by 9.53%, contrasting with the Finance sector's gain of 4.37% and the S&P 500's gain of 2.57% [1] - The upcoming earnings report is expected to show earnings of $1.08 per share, a year-over-year decline of 68.14%, with projected revenue of $1.94 billion, down 14.61% from the same quarter last year [2] Group 2 - For the full year, earnings are projected at $7.96 per share and revenue at $7.33 billion, indicating increases of +4.74% and +11.68% respectively from the prior year [3] - Recent adjustments to analyst estimates for Coinbase are important as they reflect short-term business trends, with positive revisions indicating optimism about the business outlook [4] - The Zacks Rank system, which assesses stock performance based on estimate changes, currently ranks Coinbase Global, Inc. at 3 (Hold), with the consensus EPS estimate having decreased by 0.45% in the past month [5][6] Group 3 - Coinbase Global, Inc. has a Forward P/E ratio of 30.11, which is a premium compared to the industry average of 12.43 [7] - The Financial - Miscellaneous Services industry, part of the Finance sector, holds a Zacks Industry Rank of 102, placing it in the top 42% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]