Crypto exchange Coinbase is set to give out its fourth quarter and full-year results on February 15th. Expectations around the largest crypto exchange’s results and outlook have been mounting up. However, BitSave CEO and Crypto Asset Manager, Zakhil Suresh says that Coinbase’s upcoming results might not be as good as the market expects it to be.
Coinbase’s earnings to probably fall short of expectations
Coinbase’s upcoming results on February 15th will shed light on the larger crypto markets as well. At present the firm is anticipated to record a quarterly loss of $0.06 per share according to Zacks Equity Research. The number indicates a 97.6% upward change from the previous year. Expected revenues are $731.94 million, 16.4% more than the same quarter last year. Currently, if the estimates were to come true then the next priced question is when will the biggest crypto exchange will swing to profit? Coinbase has been reporting continuous losses since Q1 of 2022. This has worried
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