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Cryptocurrency exchange, Coinbase Q2 Earnings: Bitcoin break-out, User growth

Seeking Alpha2021-08-10

  • Three-months into its public debut, Coinbase Global, Inc. is scheduled to announce Q2 earnings results on Tuesday, August 10th, after market close.
  • The consensus EPS Estimate is $2.57 and the consensus Revenue Estimate is $1.83B.
  • CNBC cites Blue Line Capital founder and President Bill Baruch, "I think their user growth is going to exceed verified users of 60M, and I think that's going to be sort of a benchmark that they're going to continue to feed on. Trading activity's where they get paid as well. I think that's going to pick up" even if major crypto assets such as bitcoin or ethereum struggle."
  • Results from the quarter are seen higher from the world's second largest cryptocurrency exchange by volume despite bitcoin plunging $30K lower in Q2.
  • Over the last 3 months, EPS estimates have seen 4 upward revisions and 0 downward. Revenue estimates have seen 6 upward revisions and 0 downward.
  • The company's stock price is trading 6.7% higher in trading session today as price of bitcoin has broken out to a multi-month high of $45.8K.
  • SA Contributor Brian Gilmartin, CFA has provided an in-depth analysis on Coinbase Earnings indicating to watch out the 2022 EPS and Revenue Estimates.
  • With a Bullish rating, SA Contributor The Asian Investor indicates that the stock is a buy based on growth and valuation.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment(24)

  • 我i168
    ·2021-08-11
    [Miser] [Cool] 
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  • james_l
    ·2021-08-10
    Hoping it beats EPS and revenues..
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  • cassey
    ·2021-08-10
    Like 
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  • Pluto891
    ·2021-08-10
    either make or break for Coinbase tonight.. vested interest
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    • RichWife: 
      Hi
      2021-08-10
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  • Blueman13
    ·2021-08-10
    Soon crashes to hell
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    • julianttw: 
      Why like that
      2021-08-10
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  • 小小爆米花
    ·2021-08-10
    Nice 
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  • sk5735
    ·2021-08-10
    To the moon
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  • MO75
    ·2021-08-10
    User growing
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    • koolgal: 
      That's true.
      2021-08-15
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  • EHG
    ·2021-08-10
    Like 
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  • DELFINO
    ·2021-08-10
    Like and comment ty!
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    • MO75: 
      ok
      2021-08-10
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    • XiuJ: 
      Ok
      2021-08-10
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  • lowniu
    ·2021-08-10
    Like please. Thx 
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    • DELFINO: 
      Ok
      2021-08-10
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  • Ericteo
    ·2021-08-10
    good
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  • Khoo12
    ·2021-08-10
    Yes
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  • CWen
    ·2021-08-10
    good
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    • Limth: 
      nice
      2021-08-10
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  • JaneJane
    ·2021-08-10
    ?沒上過
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  • andrew123
    ·2021-08-10
    Good timing to ancc result. Mkt bullish .
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  • Jkan
    ·2021-08-10
    Lets go coin
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    • Kayabunz: 
      let's goooooooo
      2021-08-10
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    • Dem0171c: 
      commented
      2021-08-10
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  • bluewave
    ·2021-08-10
    Like please. Thanks 
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    • andrew123: 
      done .like back
      2021-08-10
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    • CWen: 
      goos
      2021-08-10
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    • babyya: 
      ?
      2021-08-10
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  • ken26ksh
    ·2021-08-10
    Awesome, hope everyone wins big here ????
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  • terry26
    ·2021-08-10
    To the moon ?? like my post too!! 
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    • Jkan: 
      Ok
      2021-08-10
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