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COIN
Benzinga
103 days

Coinbase Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

1. Coinbase will announce earnings on May 8, projected at $2.11 per share. 2. Expected revenue of $2.12 billion, up from $1.64 billion last year. 3. Coinbase has consistently beat revenue estimates in eight of ten quarters. 4. Analysts vary in ratings; price targets show significant downward adjustments recently. 5. Shares of Coinbase fell by 0.2% to close at $196.56.

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FAQ

Why Neutral?

While strong earnings projections exist, recent price target cuts indicate caution. Historical context shows earnings beats have not always led to sustained price appreciation for COIN.

How important is it?

Earnings and analyst ratings significantly influence COIN; recent actions hint at underlying concerns. The conflicting analyst sentiments suggest the market is uncertain about COIN's future performance.

Why Short Term?

Earnings announcement on May 8 could influence short-term volatility. However, analysts' downgrades suggest limited upside potential immediately following the report.

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