Coinbase Stock Outperforms Broader Market as Earnings Growth Accelerates

Coinbase Global (COIN) stock has returned +1.4% over the past month compared to the S&P 500's -0.9% change. The Securities and Exchanges industry has lost 2.6%.

For the current quarter, COIN is expected to post earnings of $0.89 per share, indicating 493.3% growth year-over-year.

Consensus earnings estimate for the current fiscal year is $2.44, indicating 559.5% growth compared to last year.

In the last reported quarter, COIN reported revenues of $953.8 million, representing 51.6% growth year-over-year.

COIN is currently trading at a premium relative to its peers, but its Zacks Rank #1 does suggest it may outperform the broader market.