Cryptocurrency trading platform Coinbase (COIN) is about to report its Quarter 1 earnings against a turbulent backdrop. Wall Street analysts expect its results to fall short of expectations, and a downturn in retail trading could hit the platform's most profitable business sector.
According to FactSet data, the company is scheduled to release its first-quarter results after hours on Thursday. Analysts predict that its earnings per share (EPS) will fall to $1.93 from $2.26 in the fourth quarter of last year, and revenue will decline from $2.27 billion to $2.10 billion. This is a significant decline from EPS of $4.40 and revenue of $1.20 billion in the same period last year. Trading volume for the quarter is expected to reach $403.80 billion, a decrease from $439 billion in the fourth quarter of last year.
JPMorgan cut its EPS forecast to $1.59, noting that Coinbase's trading volume shrank by 10% in the quarter and the total crypto market value fell by 17%. Excluding the impact of crypto asset impairment, benefiting from cost control and stable subscription income, adjusted EPS could reach $2.39.
Wall Street analysts expect Coinbase's Q1 earnings to fall short of expectations
2025-05-07 15:59:49
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