The post Coinbase (COIN) Stock Price Rises 3% Ahead Q4 Earnings, What To Expect? appeared on BitcoinEthereumNews.com.

Coinbase (COIN) stock price has gained investors’ attention today with a surge of over 3% in the pre-market session. Notably, the latest surge comes as the market participants eagerly await the upcoming Q4 earnings results from the firm, which would provide cues on its financial health. In addition, recent reports suggesting the crypto exchange is exploring re-entering the Indian market have further bolstered market sentiment. Coinbase Stock Soars 3% Ahead Q4 Earnings Results As the financial sector, let alone the crypto market participants, eagerly awaits Coinbase Q4 earnings results, COIN stock price recorded a surge of over 3% in the pre-market session today. As of writing, the COIN stock price was up 3.01% and exchanged hands at $282.68 after closing at $274.90 in the prior session. The $70.74 billion market cap firm saw a 52-week high and low of $349.75 and $137.13, respectively. On a YTD basis, the COIN stock price surged about 10% while rocketing more than 100% over the last 12 months. Meanwhile, this pre-market session surge today comes as the market expects the firm to report robust earnings results for the final quarter of the year. What To Expect From Coinbase’s Q4 Earnings? Coinbase stock price soares pre-market as the company is scheduled to report its earnings results after the Wall Street closing bell today. According to Wall Street estimates, the crypto exchange is expected to witness a surge of over 90% in its Q4 revenue and an over 100% jump in its earnings per share on a year-over-year basis. For context, Barrons has recently reported, citing FactSet data, that the leading crypto exchange is expected to report EPS of $2.11 in Q4 FY24, as compared to $1.04 in Q4 FY23. Simultaneously, the firm’s revenue is likely to come in at $1.84 billion, up from $954 million…

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Filed under: News - @ February 14, 2025 1:24 am