New Lows Today @ 10am
Visit to see more
post mediapost media
Coinbase Earnings Preview
While Bitcoin $BTC is down 15% in the last five days, Coinbase $COIN is down 40%!

Today Coinbase reports earnings, with analysts expecting $0.17 in earnings-per-share (EPS) on $1.48B in revenue. Let's see how this crypto giant stacks up with some competitors!

It isn't easy being a fintech stock! Each of these businesses are 70% or more off of their 52wk highs with $COIN down 80%. Unlike the rest of the stocks in this comparison, $COIN generates huge net income margins of 45%! These are higher margins than Microsoft $MSFT, which we have added to the chart.

Bears will argue that $COIN is just an exchange and will eventually have margins similar to $NDAQ and $IEX. To their point, $COIN's margins have dropped heavily from a high of 59% to 34%. This is still roughly double $IEX and $NDAQ at ~18%.

Bulls will argue the valuation is too cheap to ignore. To their point, $COIN trades at a trailing earnings multiple of 3.7x, but slower growth estimates suggest a forward earnings multiple north of 20x.
What is your take on Coinbase?
18 VotesPoll ended on: 05/11/22
Commonstock is a social network that amplifies the knowledge of the best investors, verified by actual track records for signal over noise. Community members can link their existing brokerage accounts and share their real time portfolio, performance and trades (by percent only, dollar amounts never shared). Commonstock is not a brokerage, but a social layer on top of existing brokerages helping to create more engaged and informed investors.