Coinbase Q4 Forecast: $1.84B Revenue, $1.05 EPS with Crypto Prices Falling
Coinbase is expected to report Q4 revenue of $1.84B and EPS of $1.05, down from $2.27B and $3.39 a year earlier, as Bitcoin trades around $66,400 and Ethereum near $1,920. Analysts highlight product diversification—stock/ETF trading and prediction markets—to offset volatile crypto volumes and diminished retail trading.
1. Q4 Earnings Expectations
Coinbase is set to announce fourth-quarter revenue of $1.84 billion and earnings per share of $1.05, compared with $2.27 billion in revenue and $3.39 EPS a year ago. The company has beaten revenue estimates in seven of the last ten quarters and EPS in nine.
2. Crypto Price Impact
Bitcoin is trading near $66,400, down from around $87,500 at the end of Q4 and above $114,000 at the close of the previous reporting period. Ethereum has fallen to roughly $1,920 from above $3,900 when the company last reported, amplifying revenue volatility.
3. Diversification Initiatives
Coinbase has expanded into stock and ETF trading and launched prediction markets to diversify revenue beyond cryptocurrency transactions. Its subscriptions and services segment, which generated $747 million last quarter, aims to provide stable income alongside strong institutional relationships.
4. Analyst Ratings and Price Targets
A major bank upgraded the stock to Buy with a $340 target, while other firms trimmed their forecasts to $299, $400, $221, $340 and $270 respectively. These moves reflect varied confidence in Coinbase’s ability to offset ongoing crypto market weakness.