Strong tailwinds point to revenue beat

Coinbase should point out a high and low line rhythm in its fourth trime results

Crypto Exchange Coinbase is expected to generate a turnover of the fourth quarter of $ 1.911 billion in the first quarter, the colonnais said in a research note. This would imply upward potential compared to the estimate of the street consensus of $ 1.8 billion. Coinbase should also earn $ 2.21 per share during the quarter which is also ahead of the estimate per share of $ 2.16 on the street.

‘Strong Tailwends’

The colonnais noted that the “solid tail winds” in the fourth quarter contributed to better than expected results.

Bitcoin (BTC) crossed $ 90,000 for the first time in history after Donald Trump’s electoral victory “turned out to be a shot in the arm for the crypto industry,” the analyst wrote. BTC rallied hard and reached a new summit of $ 106,000 in mid-December, highlighting a high demand from investors. Ethereum (Ethn) also displayed strong gains during the 4th quarter, increasing 28% Q / Q to $ 3,330.

The cash trading volumes on centralized scholarships were also out of the roof, with more than $ 16 billion in net entries in BTC ETF in the United States. In addition, overall cash trading volumes through centralized exchanges increased by 104% by 8.7 billions of $ 8.7 billion dollars in the 4th quarter of 2024. The Spot volumes represented nearly 3.7 Billions Dollars in December, overshadowing the top previous one reached in May 2021.

Coinbase to benefit from the current momentum

According to the analyst, Coinbase is positioned to benefit from the continuous momentum. The company is expected to generate a total turnover of $ 7.3 billion in 2025, against a previous estimate of $ 5.3 billion.

The Colonnais also models Coinbase to win $ 8.29 per share for the full year 2025, against a prior estimate of $ 2.77 per share.

Given the favorable tail winds, the research firm lists its Coinbase course target from $ 255 to $ 330, based on EV / returned to 2025 income estimate of $ 7.3 billion.