Robinhood Stock Trading | Investing & Articles

Main Menu

  • Home
  • Robinhood review
    • Robinhood crypto
    • Robinhood gamestop
    • Robinhood stock price
  • Crypto
    • Binance
    • Bithumb
    • Coinbase
    • FTX
    • Huobi Global
  • Brokers
    • Charles Schwab
    • E*Trade
    • Fidelity
    • Interactive Brokers
  • Debt

Robinhood Stock Trading | Investing & Articles

Header Banner

Robinhood Stock Trading | Investing & Articles

  • Home
  • Robinhood review
    • Robinhood crypto
    • Robinhood gamestop
    • Robinhood stock price
  • Crypto
    • Binance
    • Bithumb
    • Coinbase
    • FTX
    • Huobi Global
  • Brokers
    • Charles Schwab
    • E*Trade
    • Fidelity
    • Interactive Brokers
  • Debt
Coinbase
Home›Coinbase›Coinbase Global (COIN) to announce second quarter results: what’s in store? – August 6, 2021

Coinbase Global (COIN) to announce second quarter results: what’s in store? – August 6, 2021

By Tim Kane
August 6, 2021
0
0


Global Coinbase (PIECE OF MONEY – Free Report) is expected to release second quarter 2021 results on August 10, before the opening bell. The company posted a negative surprise profit of 21.39% in the last published quarter.

Let’s see how things turned out before the announcement.

The second quarter results are expected to benefit from increased adoption of more crypto assets and increased volatility coupled with increased interest across the crypto-economy. Retail, Institutional and Ecosystem Partners are likely to have increased in all key metrics including Verified Users, Monthly Trade Users (MTUs), Trading Volume and Assets on the Platform .

The increase in institutional interest, the launch of Ethereum 2.0 staking products in April 2021, and the growth of DeFi have likely contributed to the growth in Ethereum trading volume.

Retail trading revenues are expected to have benefited from both increased MTUs and high trading volumes per MTU.

The company noted a strong crypto price cycle with high prices of many crypto assets, high levels of volatility, and high interest in crypto among retail and institutional users in the second quarter.

However, the increased competition is likely to have been an overhang. Operating expenses have likely increased, given higher transaction volumes, account verification fees and payment processing fees.

What the Zacks model says

Our proven model does not conclusively predict an increase in profits for Coinbase Global this time around. The combination of a positive earnings ESP and a Zacks # 1 (strong buy), 2 (buy), or 3 (hold) ranking increases the odds of beating the winnings. This is not the case as you can see below.

ESP on earnings: Coinbase Global has + 6.64% revenue ESP. This is because the most accurate estimate of $ 2.41 is higher than Zacks’ consensus estimate of $ 2.26. You can discover the best stocks to buy or sell before they are flagged with our ESP earnings filter.

Zack Rank: Coinbase Global currently has a Zacks Rank of 4 (Sell).

You can see The full list of today’s Zacks # 1 Rank stocks here.

Recent versions

The stocks from the same space that have beaten the respective Zacks consensus estimate for second quarter 2021 earnings are as follows:

CME Group (CMF – Free Report) topped the consensus estimate by 3.1%

Nasdaq (NDAQ – Free Report) topped the consensus estimate by 9.8%

Global Cboe (CBOE – Free Report) beat the consensus estimate by 2.2%


Related posts:

  1. Coinbase Caves Press SEC, Drops Loan Product. Will others follow suit?
  2. Portal Secures $ 8.5 Million From Coinbase Ventures And Other Crypto Industry Investors To Bring Bitcoin-Based DeFi To The Masses
  3. US government targets fake con artist Coinbase for stealing US $ 11 million by CoinQuora
  4. 3 reasons Coinbase will hold up better than Robinhood
Tagsbuy sell
  • Terms and Conditions
  • Privacy Policy