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Bit Digital Inc expected to post a loss of 2 cents a share - Earnings Preview

reuters11-08

Bit Digital Inc <btbt.oq> expected to post a loss of 2 cents a share - Earnings Preview </btbt.oq>
  • Bit Digital Inc BTBT.OQ BTBT.O is expected to show a rise in quarterly revenue when it reports results on November 12 (estimated) for the period ending September 30 2024

  • The New York City-based company is expected to report a 124.4% increase in revenue to $25.94 million from $11.56 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.

  • ​LSEG's mean analyst estimate for Bit Digital Inc is for a loss of 2 cents per share.

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for Bit Digital Inc is $6.00​, above​ its last closing price of $4.14. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Jun. 30 2024

-0.03

-0.03

-0.09

Missed

-227.3

Mar. 31 2024

0.01

0.01

0.03

Beat

300

Dec. 31 2023

-0.03

-0.05

-0.02

Beat

57.9​

Sep. 30 2023

-0.06

-0.06

-0.08

Missed

-41.2

​​Jun. 30 2023

-0.08

-0.09

-0.03

Beat

65.4

Mar. 31 2023

-0.13

-0.13

-0.03

Beat

76.9​

Dec. 31 2022

-0.10

-0.11

-0.16

Missed

-39.1

Sep. 30 2022

-0.06

-0.06

-0.17

Missed

-183.3

This summary was machine generated November 8 at 15:43 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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