3 Crypto Stock Earnings to Watch In July

3 major crypto firms will report second-quarter earnings this week. Robinhood (HOOD) goes first on Wednesday, July 29, while Coinbase (COIN) and Strategy (MSTR) both report after Thursday's close on July 30.

Each company might offer a different read on the same downturn. The crypto market remains volatile after a bruising second quarter, and Wall Street's price targets for all 3 crypto stocks span a wide range.

1. Robinhood (HOOD)

Robinhood missed expectations in the first quarter. Diluted earnings per share of $0.38 fell short of forecasts. Crypto transaction revenue fell 47% year over year to $134 million. The stock lost roughly 6% after that report.

Wall Street now expects a lower print. Zacks consensus puts second-quarter earnings at $0.39 per share, down 7.1% year over year, on revenue of $1.22 billion. This represents a year-over-year increase of 23.6%.

Zacks also projects crypto transaction revenue of $83.5 million, down 47.8% year over year. Meanwhile, cost cuts will also show up in these numbers.

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