Coinbase GlobalLong
COINBASE - Can the great crypto bull run repeat good EPS?
Hi guys we are going to have an overlook of Coinbase before their earnings so we can try and extract some great value!
Coinbase Global, Inc. (COIN) is set to release its fourth-quarter 2024 earnings report on February 13, 2025. Analysts are optimistic, anticipating significant growth driven by increased trading volumes and strategic initiatives.
According to Coin Metrics, Coinbase's trading volumes reached approximately $430 billion in Q4 2024, the highest since 2021, fueled by renewed market optimism post-U.S. election. This surge is expected to result in revenues of around $2 billion, marking a 109% year-over-year increase and a 65% rise from the previous quarter.
Analysts project earnings of $1.90 per share, reflecting an 83% year-over-year increase, and revenues are expected to rise by 87% from the same quarter last year, reaching $1.78 billion.
Coinbase's efforts to diversify its revenue streams are also paying off. Subscription and services revenue is expected to grow by 46.7% year-over-year in Q4 2024, following a 66.3% increase in Q3 2024. This growth underscores the company's successful expansion beyond trading fees.
The company's strategic initiatives, including product expansion and improving regulatory clarity, are enhancing its role in the crypto industry. Notably, there has been strong user growth, with a significant rise in monthly active users and wallet activity, reflecting steady demand.
In anticipation of these positive developments, Coinbase's stock has surged approximately 81% over the past year, driven by a crypto rally linked to the presidential elections and declining interest rates.
Given these factors, Coinbase is well-positioned for a strong performance in its upcoming earnings report, reflecting its robust growth trajectory and strategic advancements in the crypto industry.
Entry would go as follows :
On market open
Target : 326 below the ATH so we can have a protective and reachable take profit
SL around the GAP which was formulated above the weak support line! : 215
Coinbase Global, Inc. (COIN) is set to release its fourth-quarter 2024 earnings report on February 13, 2025. Analysts are optimistic, anticipating significant growth driven by increased trading volumes and strategic initiatives.
According to Coin Metrics, Coinbase's trading volumes reached approximately $430 billion in Q4 2024, the highest since 2021, fueled by renewed market optimism post-U.S. election. This surge is expected to result in revenues of around $2 billion, marking a 109% year-over-year increase and a 65% rise from the previous quarter.
Analysts project earnings of $1.90 per share, reflecting an 83% year-over-year increase, and revenues are expected to rise by 87% from the same quarter last year, reaching $1.78 billion.
Coinbase's efforts to diversify its revenue streams are also paying off. Subscription and services revenue is expected to grow by 46.7% year-over-year in Q4 2024, following a 66.3% increase in Q3 2024. This growth underscores the company's successful expansion beyond trading fees.
The company's strategic initiatives, including product expansion and improving regulatory clarity, are enhancing its role in the crypto industry. Notably, there has been strong user growth, with a significant rise in monthly active users and wallet activity, reflecting steady demand.
In anticipation of these positive developments, Coinbase's stock has surged approximately 81% over the past year, driven by a crypto rally linked to the presidential elections and declining interest rates.
Given these factors, Coinbase is well-positioned for a strong performance in its upcoming earnings report, reflecting its robust growth trajectory and strategic advancements in the crypto industry.
Entry would go as follows :
On market open
Target : 326 below the ATH so we can have a protective and reachable take profit
SL around the GAP which was formulated above the weak support line! : 215
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.