• Coinbase Global Inc COIN.OQ reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.15. The mean expectation of twenty one analysts for the quarter was for earnings of $1.99 per share. Wall Street expected results to range from 82 cents to $2.57 per share.

• Revenue rose 24.2% to $2.03 billion from a year ago; analysts expected $2.10 billion.

• Coinbase Global Inc's reported EPS for the quarter was 24 cents​.

• The company reported quarterly net income of $65.61 million.

• Coinbase Global Inc shares had risen by 14.1% this quarter and lost 20.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 56.3% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 16 "hold" and no "sell" or "strong sell." The average consensus recommendation for the blockchain & cryptocurrency peer group is also "buy"

• Wall Street's median 12-month price target for Coinbase Global Inc is $254.50

This summary was machine generated from LSEG data May 8 at 10:18 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)