Coinbase, Exchanges

What Time Is Coinbase Earnings Report?

It’s earnings season on Wall Street, and that means Coinbase is set to report its first-ever quarterly results as a public company. The cryptocurrency exchange is set to report its Q1 results after the market close on Thursday, April 29.

Analysts are expecting big things from Coinbase in its first quarter as a public company. The average analyst estimate is for revenue of $1.80 billion and adjusted earnings of $3.

09 per share. That would represent year-over-year growth of 115% and 927%, respectively.

Coinbase went public via a direct listing on the NAsdaq on April 14. The stock opened at $381 per share and closed the day up nearly 30% at $328.

28. However, the stock has since pulled back and is currently trading around $310 per share.

Investors will be looking for Coinbase to provide updates on a number of fronts in its Q1 report. First and foremost, they’ll be looking for any color on how the company performed in the wake of the Bitcoin rally in early 2021.

NOTE: This article is not intended to provide financial advice. Investing in cryptocurrency and other digital assets carries a high level of risk and may not be suitable for all investors. Before deciding to invest, it is important to carefully consider your investment objectives, risk tolerance and financial situation. You should never invest more than you can afford to lose, and you should always consult with a qualified financial advisor before making any investment decisions. Additionally, Coinbase earnings reports are not necessarily indicative of future performance. Please use caution when considering any investment related to Coinbase or other cryptocurrencies.

Bitcoin surged to new all-time highs above $61,000 in early March before pulling back sharply. It has since stabilized in the $50,000 range.

In addition, investors will also be hoping for an update on Coinbase’s recent acquisition of Bison Trails, a provider of infrastructure-as-a-service solutions for blockchains. The deal, which was announced in late March, is valued at up to $500 million.

Finally, investors will also be hoping for an update on Coinbase’s ongoing efforts to expand its product offerings beyond just buying and selling cryptocurrencies.

All in all, it should be an eventful earnings report for Coinbase given all of the recent developments at the company. And with the stock down 20% from its highs, investors will be hoping that the results are strong enough to send the stock back into bullish territory.

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