Earnings Preview: Coinbase Global, Inc. (COIN) Q4 Earnings Expected to Decline

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Coinbase Global, Inc. (COIN) due to lower revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - Coinbase is expected to report quarterly earnings of $1.15 per share, reflecting a year-over-year decrease of 66.1% [3]. - Revenues are projected to be $1.85 billion, down 18.8% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 6.25% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Coinbase is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -27.01% [12]. Earnings Surprise Prediction - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - However, Coinbase currently holds a Zacks Rank of 4, making it challenging to predict an earnings beat [12]. Historical Performance - In the last reported quarter, Coinbase exceeded the expected earnings of $1.03 per share, achieving actual earnings of $1.44, resulting in a surprise of +39.81% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Conclusion - While Coinbase does not appear to be a compelling earnings-beat candidate, investors should consider other factors when making decisions regarding the stock ahead of its earnings release [17].