Bakkt Holdings Inc reports results for the quarter ended in December - Earnings Summary

Bakkt

09/03/2023 23:19

* Bakkt Holdings Inc  BKKT.N  reported a quarterly adjusted
loss
of $1.24​​ per share for the quarter ended in December. The mean
expectation of four analysts for the quarter was for a loss
of 18 cents per share.
    * Revenue rose 13.9% to $15.60 million from a year ago;
analysts
expected $15.88 million. 
    * Bakkt Holdings Inc's reported EPS for the quarter was a
loss of
$1.24​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Bakkt Holdings Inc shares had risen by 5.9% this quarter.
    * The company reported a quarterly loss of $96.5 million.
    * Wall Street's median 12-month price target for Bakkt
Holdings
Inc is $2.23 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 9 at 11:19 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.18          -1.24          Missed
 Sep. 30 2022      -0.12          14.09          Beat
 Jun. 30 2022      -0.16          -0.05          Beat
 Mar. 31 2022      -0.17          -0.12          Beat