Coinbase: Analysts Expect $1.57 Billion In Q3 Revenues
Coinbase Global Inc (NASDAQ: COIN) is expected to report its third quarter 2021 financial results on November 9, 2021 after the market closes.
Analysts have a consensus US$382.65 12-month price target on the company, via a total of 23 analysts, with 6 analysts having strong buy ratings, 11 have buy ratings, 5 analysts have holds and a single analyst has a sell rating on the stock. The street high comes from Moffettnathanson with a US$600 price target, and the lowest target sits at US$250.
20 analysts have revenue estimates for the third quarter. The mean between all 20 is US$1.57 billion; this number has been revised upwards from US$1.09 billion at the start of May. The street high is US$2.14 billion while the lowest sits at US$648 million.
Only 3 analysts have estimates for what this quarter’s gross profit margin will be. They expect the profit margin to come in at 89%; this number has been revised upwards from 86% at the start of May. Street high is a 92% estimate and the lowest sits at 86%.
Onto EBITDA estimates, there are currently 14 analysts who have third-quarter EBITDA estimates. The mean is currently US$662.58 million, with this number being revised upwards from US$391.5 million at the start of May. Street high sits at US$1.06 billion EBITDA and the lowest is a US$323.7 million estimate.
Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
