Coinbase Anticipates Revenue Surge Ahead of Earnings Announcement

San Francisco, CA - Cryptocurrency exchange Coinbase (NASDAQ:COIN) is set to announce its earnings results tomorrow afternoon, with analysts predicting a significant revenue increase. Expectations are high, with revenue projected to grow by 95.2% year-on-year to $1.86 billion, a notable acceleration from the 51.6% growth in the same quarter last year. Adjusted earnings per share are anticipated to be $1.70. While Coinbase missed revenue expectations by 3.5% last quarter, reporting $1.21 billion, analysts have largely maintained their estimates over the past month, suggesting confidence in the company's trajectory. The average analyst price target for Coinbase is $295.68, compared to its current share price of $270.75.