Surging Earnings Estimates Signal Upside for Coinbase Global (COIN) Stock

Core Insights - Coinbase Global, Inc. (COIN) is experiencing solid improvement in earnings estimates, which may lead to continued stock price momentum [1][2] - The rising trend in estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, correlating strongly with near-term stock price movements [2][3] Current-Quarter Estimate Revisions - The earnings estimate for the current quarter is $1.11 per share, representing a change of +364.29% from the previous year [5] - Over the last 30 days, five estimates have been revised upward with no negative revisions, resulting in a Zacks Consensus Estimate increase of 110.54% [5] Current-Year Estimate Revisions - For the full year, the earnings estimate is $7.18 per share, indicating a change of +1840.54% from the year-ago figure [6] - The current year's revisions trend is promising, with five estimates moving higher and a consensus estimate increase of 105.54% [6] Zacks Rank - Coinbase Global currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in revising earnings estimates upward [8] - Stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500, suggesting a favorable investment outlook for Coinbase [8] Bottom Line - Strong estimate revisions have led to a stock price increase of 8.9% over the past four weeks, indicating potential for further upside [9]