Coinbase Q4 Earnings Preview: Trump Winning 2024 Election 'A Shot In The Arm For The Crypto Industry'

Benzinga

2025/02/13

Cryptocurrency company Coinbase Global COIN could highlight record profitability and user metrics when the company reports fourth-quarter financial results after market close Thursday. Earnings ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q4 Earnings Preview: Trump Winning 2024 Election 'A Shot In The Arm For The Crypto Industry'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-13 03:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/25/02/43670966/coinbase-q4-earnings-preview-trump-winning-2024-election-a-shot-in-the-arm-for-the-crypto-industry><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency company Coinbase Global COIN could highlight record profitability and user metrics when the company reports fourth-quarter financial results after market close Thursday.\nEarnings ...</p>\n\n<a href=\"https://www.benzinga.com/25/02/43670966/coinbase-q4-earnings-preview-trump-winning-2024-election-a-shot-in-the-arm-for-the-crypto-industry\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://www.benzinga.com/25/02/43670966/coinbase-q4-earnings-preview-trump-winning-2024-election-a-shot-in-the-arm-for-the-crypto-industry","article_id":"2511582530","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2025/02/12/The-Coinbase-Trade.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/25/02/43670966/coinbase-q4-earnings-preview-trump-winning-2024-election-a-shot-in-the-arm-for-the-crypto-industry","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2511582530","pubTimestamp":1739387816,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Cryptocurrency company Coinbase Global (NASDAQ:COIN) could highlight record profitability and user metrics when the company reports fourth-quarter financial results after market close Thursday.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"Coinbase第四季度收益预览：特朗普赢得2024年大选“为加密货币行业注入了一剂强心针”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":1},"content_text":"Cryptocurrency company Coinbase Global COIN could highlight record profitability and user metrics when the company reports fourth-quarter financial results after market close Thursday.\nEarnings Estimates: Analysts expect Coinbase to report fourth-quarter revenue of $1.83 billion, up from $953.8 million in last year's fourth quarter, according to data from Benzinga Pro.\nThe revenue estimate would mark the highest quarterly total for Coinbase since the fourth quarter of 2021 if the company hits the figure. This would also mark four straight quarters of revenue of $1.2 billion or more.\nCoinbase missed analysts revenue estimates in the third quarter, but has beaten estimates in seven of the last 10 quarters overall.\nAnalysts expect Coinbase to report fourth-quarter earnings per share of $1.71, up from 51 cents per share in the fourth quarter. The company has beaten analyst estimates for earnings per share in seven straight quarters.\nCoinbase has reported profitability in four straight quarters and a profit in the fourth quarter would make each quarter in 2024 profitable.\nRead Also: Coinbase Taps Trump’s Campaign Manager, Chris LaCivita To Tackle Crypto Policy In Washington\nWhat Analysts Are Saying: A surge in crypto asset prices and trading volumes in the fourth quarter could help Coinbase's financials, HC Wainwright analyst Mike Colonnese said in a new investor note.\nThe analyst reiterated a Buy rating and raised the price target from $255 to $330.\n\"President Donald Trump's re-election in early November proved to be a shot in the arm for the crypto industry, as the event catalyzed a massive rally in digital asset prices and trading volumes in 4Q24,\" Colonnese said.\nThe analyst said Bitcoin BTC/USD hit all-time highs in the fourth quarter along with spot trading volumes hitting records in the quarter. U.S. Bitcoin ETFs had net inflows of over $16 billion in the fourth quarter, the analyst added.\nCoinbase is the custodian of many of the U.S. Bitcoin ETFs.\nColonnese also said Ethereum ETH/USD had \"strong gains\" in the fourth quarter, up 28% quarter-over-quarter.\nColonnese said Coinbase is likely to be a beneficiary from the fourth quarter's record in spot volume for centralized exchanges, which surpassed previous all-time highs set back in May 2021.\n\"Our revised 4Q24 revenue and earnings estimates are now above consensus forecasts, as we expect Coinbase to deliver a top and bottom line beat this Thursday after the close.\"\nHe raised fourth-quarter estimates and fiscal 2025 estimates on the heels of the record quarter and new White House administration.\nColonnese's 2025 revenue estimate goes from $5.3 billion to $7.3 billion. His 2025 earnings per share estimate goes from $2.77 to $8.29.\nHere are other recent analyst ratings on Coinbase and their price targets:\n\nNeedham: Maintained Buy rating, lowered price target from $420 to $330\nMizuho: Upgraded from Underperform to Neutral, raised price target from $250 to $290\nOppenheimer: Maintained Outperform rating, lowered price target from $358 to $334\nGoldman Sachs: Maintained Neutral rating, lowered price target from $397 to $340\nPiper Sandler: Maintained Neutral rating, raised price target from $245 to $285\n\nKey Items to Watch: Among the key items to watch will be commentary on what President Donald Trump and the new White House administration means for the cryptocurrency sector and the company.\nThe company acknowledged the 2024 election as one of its biggest upcoming catalysts the last time it reported quarterly results. With Trump now sworn in as president, the company could provide more bullish color on what this means.\nBitcoin hit all-time highs after the election and the fourth quarter will likely see many records for Coinbase due to a surge in prices and trading volume.\nInvestors and analysts will also be looking for color on how January performed with more all-time highs for Bitcoin hit and Trump officially sworn in.\nAnother item to watch could be on the company's international expansion. Coinbase recently announced its registration as the largest cryptocurrency exchange in the United Kingdom. Coinbase also recently received regulatory approval to launch in Argentina.\nCOIN Price Action: Coinbase stock is up 2.1% to $272.45 on Wednesday versus a 52-week trading range of $137.13 to $349.75. Coinbase stock is up 85% over the last year.\nFor comparison, Bitcoin is up 95% over the last year.\nRead Next: \n\nCoinbase CEO Brian Armstrong Says Bitcoin Adoption To Reach ‘Billions’ By 2030\n\nPhoto: Shutterstock COINCoinbase Global Inc$271.201.61%Overview Rating:Speculative50%Technicals Analysis1000100Financials Analysis200100WatchlistOverview$BTCBitcoin$96750.101.02%$ETHEthereum$2665.302.44%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}