Wall Street analysts expect the CEX Q1 financial report to be below expectations.

On May 7, cryptocurrency trading platform CEX (COIN) is set to report its first-quarter earnings on a turbulent backdrop, with Wall Street institutional analysts expecting results to fall short of expectations, and the slump in retail trading could hit the platform's most lucrative business segment. According to FactSet data, the company is scheduled to release a quarterly report after market hours on Thursday. Analysts forecast earnings per share (EPS) to fall to $1.93 from $2.26 in the fourth quarter of last year, and revenue to fall to $2.1 billion from $2.27 billion. This is a significant regression from EPS of $4.40 and revenue of $1.2 billion in the year-ago quarter. Transaction volume for the quarter is expected to reach $403.8 billion, down from $439 billion in the fourth quarter of last year. JPMorgan Chase & Co. lowered its EPS forecast to $1.59, noting that CEXs shrank by 10% in trading volume during the quarter and total crypto market capitalization fell by 17%. Excluding the impact of crypto asset impairments, adjusted EPS of $2.39 benefited from cost containment and stable subscription revenue.