Coinbase Global Inc (COIN) Surpasses Analyst Revenue Forecasts in Q1 2024 (2024)

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e=r.searchBoxForm.querySelector("[name=fr]"),n=r.searchBoxForm.querySelector("[name=fr2]");e&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr&&(e.value=i.searchBox.params.fr,e.disabled=!1),n&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr2&&(n.value=i.searchBox.params.fr2,n.disabled=!1),r.searchBoxForm.submit()}}),1e3)},r.recognition.onspeechstart=function(){},r.recognition.onspeechend=function(){r.recognition.stop()},r.recognition.onerror=function(){r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_error")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play()},r.recognition.onaudiostart=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.add("listening")},r.recognition.onaudioend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("listening")},r.recognition.onsoundstart=function(){r.hideTrending(r),r.noSpeech=!1,r.speechButtonContainer&&(r.speechButtonContainer.classList.remove("listening"),r.speechButtonContainer.classList.add("speaking"))},r.recognition.onsoundend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("speaking")},r.recognition.onstart=function(){r.recognitionInit(r),r.startRecognition(r)},r.recognition.onend=function(){r.isRecognitionStart=!1,0==r.noSpeech&&""==r.speechResult&&(r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_nomatch")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play())},document&&document.dispatchEvent&&document.dispatchEvent(new Event("VOICE_JS_READY"))}}o.I18n=m,o.prototype.renderPermissionGuide=function(e){var n='\n

    \n

    \n

    \n

    \n

    \n

    \n

    \n

    '.concat(e.i18n.t("search.voice.permission_title"),'

    \n

    ').concat(e.i18n.t("search.voice.permission_text"),"

    \n

    \n

    \n

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    \n

    \n

    \n

    \n

    \n

    \n \n \n \n \n \n \n

    \n

    \n

    \n \n \n '.concat(e.i18n.t("search.voice.recognition_retry"),'\n

    \n

    \n

    \n

    \n

    \n

    \n ').concat(e.i18n.t("search.voice.trending_title"),'\n \n

    \n

    \n

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e)&&("SpeechGrammarList"in e||"webkitSpeechGrammarList"in e)}}],d=0;d0){var n=e.speechResult.charAt(e.speechResult.length-1);"."!==n&&"?"!==n&&"。"!==n&&"?"!==n||(e.speechResult=e.speechResult.slice(0,-1))}},o.prototype.sendBeacon=function(n,t){var o=e.YAHOO.ULT||{},i=e.YAHOO.SB||{};if(o.beacon_click){var r={_S:i.config.i13n.spaceid,_I:i.config.i13n.pvid,actn:n,sec:"search",slk:t};e.YAHOO.ULT.beacon_click(r)}},o.prototype.ajaxReq=function(t,o){var i,r,a=XMLHttpRequest.DONE||4,s=new XMLHttpRequest;if(n.documentMode&&n.documentMode<10)return(new e.XDomainRequest).onload=function(){try{r=JSON.parse(i),o(r)}catch(e){return}},s.open("GET",t),void s.send();s.onreadystatechange=function(){if(s.readyState===a)if(200===s.status){i=s.responseText;try{r=JSON.parse(i),o(r)}catch(e){return}}else o(r)},s.open("GET",t,!0),s.timeout=1e4,s.send()},e.YAHOO||(e.YAHOO={}),e.YAHOO.Util||(e.YAHOO.Util={}),e.YAHOO.Util.VoiceSearch=o}(window,document)}();var Wn={containerClass:Un.tooltip,textClass:Un.tooltip__text,showClass:Un["tooltip--show"]},Jn=["zh-hant-tw","zh-hant-hk"];ye("ybar-mod-searchbox",(function(e){var n={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(Un["sa-btn-bar"])),voiceSearchBtn:document.getElementById("ybar-sbq-voice"),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(Un["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(Un["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(Un["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x")};!function(e,n){var t,o,i,r=e.getConfig();if(n.ybar&&"desktop"===r.device&&(null===(t=r.bucketConfig)||void 0===t?void 0:t.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){n.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=n.searchForm)||void 0===i||i.classList.add(Un[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Un.overlay,Un[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(n.searchForm,"focusout",(function(e){if(n.searchForm&&n.searchInput){var t=e.relatedTarget;t&&!n.searchForm.contains(t)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,n),Fn(e,n),n.voiceSearchBtn&&function(e,n){var t=e.getConfig(),o=t.locale,i=function(){var e,t;(null===(t=null===(e=window.YAHOO)||void 0===e?void 0:e.Util)||void 0===t?void 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    Coinbase Global Inc (COIN) Surpasses Analyst Revenue Forecasts in Q1 2024 (2024)

    FAQs

    Coinbase Global Inc (COIN) Surpasses Analyst Revenue Forecasts in Q1 2024? ›

    Financial Performance Highlights

    What is the revenue estimate for Coinbase q1 2024? ›

    Revenue: US$1.64b (up 122% from 1Q 2023). Net income: US$1.18b (up from US$78.9m loss in 1Q 2023). Profit margin: 72% (up from net loss in 1Q 2023).

    What is the analyst forecast for Coinbase? ›

    Based on analyst ratings, Coinbase Global's 12-month average price target is $248.22. What is COIN's upside potential, based on the analysts' average price target? Coinbase Global has 1.65% upside potential, based on the analysts' average price target.

    What is the earnings prediction for Coinbase q1? ›

    Coinbase COIN is set to report first-quarter 2024 earnings on May 2, after market close. The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 89 cents on revenues of $1.2 billion. The top- and bottom-line estimates imply year-over-year improvements of 493.3% and 55.5%, respectively.

    What is the revenue expectations for Coinbase? ›

    Revenue Estimate
    CURRENCY IN USDCurrent Qtr. (Jun 2024)Next Qtr. (Sep 2024)
    Low Estimate1.2B1.08B
    High Estimate1.73B1.96B
    Year Ago Sales707.91M674.15M
    Sales Growth (year/est)104.70%115.80%
    2 more rows

    What is the revenue of Coinbase q1? ›

    Zoom in: Coinbase reported total revenue of $1.6 billion for the first quarter, up 72% gain from the fourth quarter of 2023, its filing shows.

    What is the stock price forecast for Coinbase in 2024? ›

    Coinbase Stock Price Forecast 2024-2025

    Coinbase price started in 2024 at $173.92. Today, Coinbase traded at $225.94, so the price increased by 30% from the beginning of the year. The forecasted Coinbase price at the end of 2024 is $255 - and the year to year change +47%.

    Is Coinbase a buy or sell now? ›

    Is Coinbase stock a Buy, Sell or Hold? Coinbase stock has received a consensus rating of buy. The average rating score is and is based on 49 buy ratings, 24 hold ratings, and 26 sell ratings.

    What are the analyst expectations for coin? ›

    Analyst Price Targets

    Based on analysts offering 12 month price targets for COIN in the last 3 months. The average price target is $248.22 with a high estimate of $325 and a low estimate of $145.

    What is the 5 year forecast for Coinbase? ›

    Coinbase Global Inc - Ordinary Shares - Class A quote is equal to 235.000 USD at 2024-06-21. Based on our forecasts, a long-term increase is expected, the "COIN" stock price prognosis for 2029-06-15 is 1088.764 USD. With a 5-year investment, the revenue is expected to be around +363.3%.

    What is the EPS for Coinbase 2024? ›

    Coinbase Global EPS for the quarter ending March 31, 2024 was $4.40, a 1394.12% decline year-over-year. Coinbase Global EPS for the twelve months ending March 31, 2024 was $5.11, a 150.15% decline year-over-year. Coinbase Global 2023 annual EPS was $0.37, a 103.13% decline from 2022.

    What will Coinbase stock be worth in 2025? ›

    According to our Coinbase stock prediction for 2025, COIN stock will be priced at $ 379.06 in 2025. This forecast is based on the stock's average growth over the past 10 years.

    What to expect from coin earnings? ›

    Look out for COIN's next earnings release expected on August 01, 2024. For the next earning release, we expect the company to report earnings of $1.12 per share, reflecting a year-over-year increase of 366.67%.

    What are the expected results of Coinbase? ›

    Expectations are for Coinbase's Q1 revenue to register a 71% year-on-year (YoY) growth to US$1.3 billion, up from the US$772 million a year ago.

    Is Coinbase financially strong? ›

    With a net income of $1.18 billion and a diluted net income per share of $4.40, Coinbase's balance sheet reflects financial resilience. This financial stability provides the company with the flexibility to invest in new technologies, pursue strategic acquisitions, and expand its service offerings.

    Is Coinbase profitable yet? ›

    Coinbase Global Inc. posted higher-than-forecast first-quarter revenue and profit as a resurgence in cryptocurrency prices reawakened demand from individual investors. Revenue more than doubled to $1.58 billion, topping the $1.32 billion average estimate of analysts surveyed by Bloomberg.

    What is the Coinbase prediction for 2025? ›

    Coinbase stock forecast for 2025: $ 364.27 (61.28%)

    What is Coinbase projected value? ›

    Stock Price Forecast

    The 19 analysts with 12-month price forecasts for Coinbase stock have an average target of 221.79, with a low estimate of 80 and a high estimate of 325. The average target predicts a decrease of -11.22% from the current stock price of 249.81.

    What is Coinbase annual revenue? ›

    Coinbase Global revenue for the twelve months ending March 31, 2024 was $3.973B, a 41.89% increase year-over-year. Coinbase Global annual revenue for 2023 was $3.108B, a 2.69% decline from 2022. Coinbase Global annual revenue for 2022 was $3.194B, a 59.25% decline from 2021.

    How much before Coinbase reports to IRS? ›

    Coinbase sends Forms 1099-MISC to the IRS and to traders who made more than $600 in crypto rewards or staking. $600 is the current Coinbase IRS reporting threshold. This may be subject to change in future years.

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