Bakkt Holdings Inc expected to post a loss of $2.08 a share - Earnings Preview

Reuters05-14

* Bakkt Holdings Inc is expected to show a rise in quarterly revenue when it reports results on May 15 for the period ending March 31 2024

* The Alpharetta Georgia-based company is expected to report a 37.7% increase in revenue to $17.9 million from $13 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.

* ​LSEG's mean analyst estimate for Bakkt Holdings Inc is for a loss of $2.08 per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts had fallen by about 2.6% in the last three months. ​

* Wall Street's median 12-month price target for Bakkt Holdings Inc is $21.88​, above​ its last closing price of $9.84. ​​​

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

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Dec. 31 2023 -2.50 -3.29 -7.25 Missed -120.2

Sep. 30 2023 -3.28 -4.17 -4.75 Missed -13.8

Jun. 30 2023 -3.98 -4.92 -4.75 Beat 3.6​

Mar. 31 2023 -5.57 -4.54 -4.25 Beat 6.3

​​Dec. -4.44 -4.43 -31.00 Missed -599.3

31 2022

Sep. 30 2022 -2.93 -2.95 3.52 Beat 12,040

hundred .7​

Jun. 30 2022 -3.92 -4.04 -1.25 Beat 69

Mar. 31 2022 -4.25 -4.25 -3.00 Beat 29.4

This summary was machine generated May 13 at 20:52 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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