Investing

Earnings Previews: Block, Coinbase, Dell

Of 22 analysts covering Coinbase stock, 17 have a Buy or Strong Buy rating, and another four rate the stock at Hold. At a share price of around $177.10, the upside potential based on a median price target of $346 is 95.3%. At the high target of $500, the upside potential at the current price is about 182%.

For the fourth quarter, the current consensus calls for revenue of $1.91 billion, up by about 45.8% sequentially. Adjusted EPS are forecast at $1.85, or about 1% higher sequentially. Data for last year is unavailable. For the full year, analysts expect EPS of $12.93 on sales of $7.3 billion.

The stock trades at 12.1 times expected 2021 EPS, 23.8 times estimated 2022 earnings of $7.35 and 23.5 times estimated 2023 earnings of $7.43 per share. The stock trades in a post-IPO range of $162.20 to $429.54. Coinbase does not pay a dividend.

Dell

Over the past 12 months, shares of Dell Technologies Inc. (NYSE: DELL) have added more than 40% to their share price. According to Gartner, global fourth-quarter shipments totaled 88.4 million units (down 5%) for all PC makers. Dell’s share rose from 17.1% a year ago to 19.5% and shipments increased from 15.9 million units to 17.2 million, the first time in Dell’s history that it passed 17 million units shipped in a single quarter. The fourth quarter marked Dell’s fifth consecutive quarter of unit sales growth.

Sentiment among analysts is bullish, with 13 of 19 brokerages giving the stock a Buy or Strong Buy rating and another five rating it a Hold. At a share price of around $57.60, the upside potential based on a median price target of $65 is 12.8%. At the high price target of $79, the upside potential is about 37.2%.

The consensus revenue estimate for Dell’s fourth quarter of fiscal 2022 is $27.48 billion, up 4.6% sequentially and 5.0% year over year. Adjusted EPS are forecast at $1.95, down 17.6% sequentially and 27.8% lower year over year. For the full fiscal year ending in January, analysts expect EPS of $6.52, down 18.5%, on sales of $100.86 billion, up 6.9%.

The stock trades at 8.8 times expected 2022 EPS, 8.3 times estimated 2023 earnings of $6.91 and 7.9 times estimated 2024 earnings of $7.28 per share. The stock’s 52-week range is $53.01 to $115.00. Dell does not pay a dividend. Total shareholder return for the past year was 41.2%.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.