Cryptocurrency trading company Coinbase Global (NASDAQ:COIN) reports second-quarter financial results after market close Thursday.
COIN shares are trending up modestly. See real-time price here.
Here are the earnings estimates and key items to watch.
Earnings Estimates: Analysts expect Coinbase to report second-quarter revenue of $1.69 billion, up from $1.45 billion in last year’s second quarter according to data from Benzinga Pro.
The company missed analyst estimates in the first quarter but has beaten estimates in nine of the last 10 quarters overall.
Analysts expect Coinbase to report second quarter earnings per share of $1.35, up from $1.07 in last year’s second quarter. The company missed analyst estimates in the first quarter, but has beaten analyst estimates in eight of the past 10 quarters.
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Key Items to Watch: Analysts have been raising their price targets on Coinbase stock with optimism for the cryptocurrency sector as Bitcoin (CRYPTO: BTC) …