Coinbase Faces Lower Q3 Earnings Estimates Before Oct. 29 Results

Coinbase’s third-quarter report will put softer crypto trading and falling earnings estimates in focus, while testing whether stablecoin growth and newer products can help cushion the pressure. Wall Street expects Coinbase to post $1.22 billion in revenue and non-GAAP earnings per share of $0.07. The earnings outlook has weakened, with several estimates revised down. Those figures are forecasts ahead of the release, not reported results. Trading activity, subscription revenue and spending are among the items investors will monitor. Coinbase set a third-quarter expense target of $980 million to $1.08 billion.