Be ready for Coinbases Earnings on Thursday after close. $COIN

Posted: Apr 29, 2024

- Predictions for Coinbase revenue this quarter are high due to onchain data and new revenue stream from L2 chain Base - Earnings whisper predicts $1B revenue and $0.54 EPS, while Twitter users predict $1.58B revenue and $4.20 EPS - Expect a 25% increase in stock price to $280 - Twitter users to follow for more insights: @CoinbaseDuck, @singularity7x, @alyssachoo_, @kunalgoel, @CoinSnacks - Coinbase Duck (@CoinbaseDuck) tweeted final 1Q estimates for Coinbase ($COIN): $1.58B revenue, $4.20 EPS - Next quarter look out for $1-2 million base revenue growth per day, potential $135 million opportunity in 2Q - Perpetual market landed $26.3 million in 1Q, could reach $70 million in 2Q



Summarized top reddit comments: - Coinbase earnings could be significant for investors - Last earnings report was positive and profitable - Coinbase is the custodian for most Bitcoin ETFs, making it likely to continue generating revenue - Stock price tied to Bitcoin and crypto market, not traditional financial statements - Stock currently has a high PE ratio - Some users are bullish on Bitcoin and potential entry point for Coinbase stock



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