the cryptocurrency trading platform Coinbase (COIN) is about to announce its first-quarter financial report against a turbulent background. Wall Street analysts expect its performance to fall short of expectations, and the lackluster trading by retail investors may impact the platform's most profitable business segments.

According to FactSet data, the company is scheduled to release its quarterly report after the market closes on Thursday. Analysts predict that its earnings per share (EPS) will drop from $2.26 in the fourth quarter of last year to $1.93, with revenue falling from $2.27 billion to $2.1 billion. This is a significant decline compared to the EPS of $4.40 and revenue of $1.2 billion in the same period last year. Quarterly trading volume is expected to reach $403.8 billion, a slight decrease from $439 billion in the fourth quarter of last year.

JPMorgan Chase has lowered its EPS expectations to $1.59, citing a 10% decline in Coinbase's quarterly trading volume and a 17% drop in total cryptocurrency market value. Excluding the impact of cryptocurrency asset impairments, adjusted EPS can reach $2.39, benefiting from cost control and stable subscription revenue.