The post Crypto Exchange Coinbase (COIN) Q4 Results Coming Thursday appeared on BitcoinEthereumNews.com.

The fourth quarter was a good one for crypto and Wall Street analysts expect leading U.S. exchange Coinbase (COIN) to have posted a big jump in earnings from the prior three months. Revenue for the fourth quarter is expected to have been $1.8 billion, according to FactSet, up from $1.26 billion in the third quarter. Earnings-per-share are estimated to have risen to $1.99 from $0.41. Maybe more importantly, thanks to the major rally across crypto following Donald Trump’s presidential election victory, analysts expect exchange volume to have risen to $195.9 billion in the year’s final three months from $185.3 billion in the third quarter. That $195.9 billion figure would be the strongest quarterly result since the fourth quarter of 2021. “We maintain our bullish thesis on COIN, seeing the company well positioned to benefit as crypto begins a potential transition into a new era,” analysts at Citi bank wrote in a note. The bank has a buy rating on the stock and this week increased its price target to $350 from $275. Shares on Tuesday are trading at $270, ahead nearly 90% from the year-ago level. The Citi team, however, does expect Coinbase to report fourth quarter revenue of $1.7 billion, missing the $1.8 billion consensus estimate. The November election was a “monumental catalyst for the crypto ecosystem,” wrote JPMorgan’s Ken Worthington, who nevertheless remains neutral on the shares. He sees fourth quarter revenue at $1.77 billion, also a miss from the $1.8 billion estimate. Outlook on 2025 While the final months of 2024 had many catalysts for crypto and thus Coinbase, 2025 is hard to predict as policy changes typically take some time to go into effect, say some Wall Street analysts. “For [2025], we assume static crypto prices and factor more normalized volumes resulting in 6% YoY transaction…

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Filed under: News - @ February 12, 2025 7:22 pm