Coinbase Reports Q4 Results Tomorrow: Key Expectations
Revenue:
- Analysts project 95.2% year-over-year growth, reaching $1.86 billion.
- Improvement from 51.6% growth in Q4 2021.
Earnings:
- Adjusted earnings per share estimated at $1.70.
Analyst Outlook:
- Estimates largely unchanged in the last 30 days.
- Coinbase has typically exceeded revenue expectations, with only one miss in the last two years.
Peer Performance:
- Alphabet reported 11.8% revenue growth, meeting expectations.
- Lyft fell short with 26.6% revenue growth, below estimates by 0.9%.
Investor Sentiment:
- Positive sentiment in the consumer internet segment with share prices up 9.8% in the last month.
- Coinbase up 6% during the same period.
- Average analyst price target of $295.68, above the current share price of $270.75.