How does COIN's Q2 2024 earnings compare to Q1's surge?

Coinbase Global Inc.'s (COIN) Q2 2024 earnings are expected to show a slight decrease in EPS and revenue compared to the strong performance in Q1 2024, according to the estimates and recent analyst predictions.

1. **Estimate EPS and Revenue for Q2 2024**: The estimated EPS for COIN in Q2 2024 is $0.95, which is lower than the EPS of $0.98 in Q1 2024. The estimated revenue for Q2 2024 is $1.4 billion, compared to $1.25 billion in Q1 2024.

2. **Analyst Predictions**: Equities research analysts at Singular Research have predicted an EPS of $1.17 for Q2 2024, which is higher than the estimated EPS of $0.95 for COIN's Q2 2024. This indicates that while the expected EPS is lower than Q1 2024, it is still above the Q2 2024 estimate.
3. **Revenue Comparison**: Singular Research expects COIN's revenue for Q2 2024 to be $1.17 billion, which is also higher than the estimated revenue of $1.4 billion for Q2 2024. This suggests that while the revenue expectation for Q2 2024 is lower than Q1 2024, it is in line with the company's historical performance.
4. **Market Trends and Strategic Developments**: The surge in Q1 2024's earnings was driven by bitcoin's start-of-the-year boom and renewed interest in cryptocurrencies, which may have cooled down by Q2 2024. Additionally, COIN's continued focus on regulatory clarity and expansion of international business could impact its financial performance in Q2 2024.

In conclusion, while COIN's Q2 2024 earnings are expected to be strong, they may not surpass the impressive performance of Q1 2024, which was boosted by a crypto trading surge. The company's strategic expansions and market conditions will likely influence its financial results in Q2 2024.