Coinbase has surpassed EPS estimates for the last four quarters, and crypto analysts expect this trend to continue next week.
Speculation is mounting whether the crypto community predictions will be more accurate than the typical investment analyst ahead of Coinbase “I estimate Coinbase will generate a whopping $1.5 billion in net revenue for Q1 2024 growing by 65% for the quarter. My estimate is much higher than consensus estimate of $1.2 billion for gross revenue,” he explained in a recent X post.
“It's about to beat Q4 earnings by a long mile and this will affect the price of the stock. Q1 seen massive volume for Base + Coinbase wallet. Pay attention,” he stated.It is a common thought among the crypto community that revenue from Base could be the X factor for Coinbase this last quarter, a factor overlooked by much of Wall Street.declared that “the street isn’t really pricing in the crypto native revenue that I think a lot of the crypto natives understand.