Re: Coinbase (COIN) Nasdaq - Tópico Geral
Enviado: 9/11/2021 22:16
... a cair 10% em post-market
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ricardmag Escreveu:Depois do fecho temos resultados, espero que sejam dentro do esperado
ricardmag Escreveu:Coinbase: A Hold For Q3 EarningsDifferent from my last article using MTU to estimate Q3 earnings, the current article uses Coinbase's Q3 trading volume.
The revised model using trading volume can lead to a lower margin of error in estimating quarterly earnings.
Due to reduced trading volume, the revised model suggests that Q3 EPS might be just $1.1, which is lower than the street consensus.
This reduced trading volume also leads to a negative quarter-over-quarter revenue growth (i.e., Q3 vs. Q2 in 2021).
While the Q3 earnings might be disappointing, the new business of an NFT marketplace provides Coinbase investors with a more optimistic outlook in the long term.To conclude, Coinbase probably would miss the Q3 EPS consensus. More importantly, the negative quarter-over-quarter revenue growth likely makes investors realize the limitation of Coinbase’s current business model—namely heavily relying on transaction fees. Besides the existing crypto trading business, Coinbase is expanding to the NFT trading space. While Q3 earnings might be flat or even disappointing, the new adventure of entering NFT trading provides an optimistic outlook of Coinbase's future. Considering both the negative and positive sides of my analyses, my rating for Coinbase is a hold.
Different from my last article using MTU to estimate Q3 earnings, the current article uses Coinbase's Q3 trading volume.
The revised model using trading volume can lead to a lower margin of error in estimating quarterly earnings.
Due to reduced trading volume, the revised model suggests that Q3 EPS might be just $1.1, which is lower than the street consensus.
This reduced trading volume also leads to a negative quarter-over-quarter revenue growth (i.e., Q3 vs. Q2 in 2021).
While the Q3 earnings might be disappointing, the new business of an NFT marketplace provides Coinbase investors with a more optimistic outlook in the long term.
To conclude, Coinbase probably would miss the Q3 EPS consensus. More importantly, the negative quarter-over-quarter revenue growth likely makes investors realize the limitation of Coinbase’s current business model—namely heavily relying on transaction fees. Besides the existing crypto trading business, Coinbase is expanding to the NFT trading space. While Q3 earnings might be flat or even disappointing, the new adventure of entering NFT trading provides an optimistic outlook of Coinbase's future. Considering both the negative and positive sides of my analyses, my rating for Coinbase is a hold.
In response to a letter from the U.S. calling on Facebook to halt its stablecoin and crypto wallet projects, Diem stated that it “is not Facebook. We are an independent organization.”
ricardmag Escreveu:Não. Só achei piada ao timming
ricardmag Escreveu:Facebook pilots Novi crypto wallet with Coinbase, Paxos
The social media giant still intends to launch Novi along with its Diem payment network once regulatory approval is granted.