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Trading Strategies For Coinbase Stock Before And After Q4 Earnings As Bitcoin, Ethereum Soar

Benzinga ·  Feb 16 03:54

Coinbase Global, Inc(NASDAQ:COIN) is set to print its fiscal fourth-quarter financial results after the market closes on Thursday, and the stock was edging about 3.5% higher heading into the event.

When the cryptocurrency trading platform printed a third-quarter revenue beat on Nov. 2, the stock closed 1.4% higher the following day and subsequently continued in a steep uptrend, which brought Coinbase to a Dec. 28 high of $187.39.

For that quarter, the company beat on the top line, reporting revenue of $674 million, which exceeded a Street consensus estimate of $653.19 million.

For the fourth quarter, analysts estimate Coinbase will print earnings of...

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