* Bakkt Holdings Inc reported a quarterly adjusted loss of $1.86 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $-4.25. The mean expectation of three analysts for the quarter was for a loss of $2.08 per share. Wall Street expected results to range from $-2.25 to $-2.00 per share.
* Revenue rose 6,473.8% to $854.60 million from a year ago; analysts expected $17.90 million.
* Bakkt Holdings Inc's reported EPS for the quarter was a loss of $1.86.
* The company reported a quarterly loss of $8.2 million.
* Bakkt Holdings Inc shares had fallen by 3.0% this quarter and lost 80.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 3.5% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* 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 average consensus recommendation for the blockchain & cryptocurrency peer group is "hold."
Wall Street's median 12-month price target for Bakkt Holdings Inc is $21.88 This summary was machine generated from LSEG data May 15 at 09:37 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 -2.08 -1.86 Beat
Dec. 31 2023 -3.29 -7.25 Missed
Sep. 30 2023 -4.17 -4.75 Missed
Jun. 30 2023 -4.92 -4.75 Beat
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