Coinbase Q1 Earnings Preview: Trump Inauguration, Bitcoin Surge And More Items To Watch
Coinbase Global (NASDAQ:COIN) could show the company’s leadership in the cryptocurrency ecosystem with first-quarter financial results after market close Wednesday.
Earnings Estimates: Analysts expect Coinbase to report first-quarter revenue of $2.13 billion, up from $1.64 billion in last year’s first quarter, according to data from Benzinga Pro.
The company beat analyst estimates for revenue in the last reported quarter, while beating estimates in eight of the last 10 quarters overall.
Analysts expect Coinbase to report first-quarter earnings per share of $2.12, up from $1.65 in last year’s first quarter. The company has beaten analyst estimates for earnings per share in eight straight quarters and eight of the last 10 quarters overall.
What Analysts Are Saying: Rosenblatt analyst Chris Brendler recently warned that “crypto winter” could be underway and it could hurt momentum for Coinbase stock.
The analyst said sentiment on crypto has reversed with “sharply rising macro concerns.”
Brendler reiterated a Buy rating on the stock while lowering the price target from $305 to $290.
The analyst said Coinbase’s trading volumes in March were likely lower than expected. Brendler sees a rebound in crypto-related trading activity in the second half of 2025.
“In our view, legislative clarity will accelerate blockchain technology adoption and COIN will be a …
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