Coinbase Global, Inc. (COIN) Q4 Earnings and Revenues Surpass Estimates

Group 1: Earnings Performance - Coinbase Global, Inc. reported quarterly earnings of $3.39 per share, exceeding the Zacks Consensus Estimate of$ 1.94 per share, and showing a significant increase from $1.04 per share a year ago, representing an earnings surprise of 74.74% [1] - The company posted revenues of$ 2.27 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 23.65%, compared to revenues of $953.8 million in the same quarter last year [2] Group 2: Stock Performance and Outlook - Coinbase Global shares have increased approximately 10.7% since the beginning of the year, outperforming the S&P 500's gain of 2.9% [3] - The current consensus EPS estimate for the upcoming quarter is$ 0.93 on revenues of $1.52 billion, and for the current fiscal year, it is$ 3.87 on revenues of $6.05 billion [7] Group 3: Industry Context - The Financial - Miscellaneous Services industry, to which Coinbase Global belongs, is currently ranked in the top 19% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8]