Coinbase Global (COIN) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Coinbase Global, Inc. (COIN) reported $2.27 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 138.2%. EPS of $3.39 for the same period compares to $1.04 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of +23.65%. The company delivered an EPS surprise of +74.74%, with the consensus EPS estimate being $1.94.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Coinbase Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Trading Volume: $439 billion versus the six-analyst average estimate of $391.25 billion. Trading Volume - Institutional: $345 billion versus the five-analyst average estimate of $313.95 billion. Trading Volume - Consumer: $94 billion compared to the $63.28 billion average estimate based on five analysts. Net revenue: $2.20 billion versus the eight-analyst average estimate of $1.62 billion. Net Revenue- Total Subscription and services: $641.10 million versus $585.87 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +70.8% change. Net Revenue- Transaction revenue: $1.56 billion versus $1.04 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +194% change. Other revenue: $74.61 million compared to the $68.97 million average estimate based on eight analysts. The reported number represents a change of +51.8% year over year. Net Transaction Revenue- Consumer, net: $1.35 billion compared to the $859.14 million average estimate based on five analysts. Net Transaction Revenue- Other transaction revenue: $67.60 million versus $43.01 million estimated by five analysts on average. Net Revenue- Transaction revenue- Institutional, net: $141.30 million compared to the $104.13 million average estimate based on five analysts. The reported number represents a change of +285% year over year. Net Revenue- Subscription and services- Other subscription and services: $91.40 million versus the four-analyst average estimate of $63.75 million. The reported number represents a year-over-year change of +96.6%. Net Revenue- Subscription and services- Blockchain: $214.90 million versus the four-analyst average estimate of $174.84 million. The reported number represents a year-over-year change of +126%. View all Key Company Metrics for Coinbase Global here>>>Shares of Coinbase Global have remained unchanged over the past month versus the Zacks S&P 500 composite's +3.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coinbase Global, Inc. (COIN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks