• Three-months into its public debut, Coinbase Global, Inc. is scheduled to announce Q2 earnings results on Tuesday, August 10th, after market close.
• The consensus EPS Estimate is $2.57 and the consensus Revenue Estimate is $1.83B.
• CNBC cites Blue Line Capital founder and President Bill Baruch, "I think their user growth is going to exceed verified users of 60M, and I think that's going to be sort of a benchmark that they're going to continue to feed on. Trading activity's where they get paid as well. I think that's going to pick up" even if major crypto assets such as bitcoin or ethereum struggle."
• Results from the quarter are seen higher from the world's second largest cryptocurrency exchange by volume despite bitcoin plunging $30K lower in Q2.
• Over the last 3 months, EPS estimates have seen 4 upward revisions and 0 downward. Revenue estimates have seen 6 upward revisions and 0 downward.
• The company's stock price is trading 6.7% higher in trading session today as price of bitcoin has broken out to a multi-month high of $45.8K.
• SA Contributor Brian Gilmartin, CFA has provided an in-depth analysis on Coinbase Earnings indicating to watch out the 2022 EPS and Revenue Estimates.
• With a Bullish rating, SA Contributor The Asian Investor indicates that the stock is a buy based on growth and valuation.