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

Bakkt

10/08/2023 15:46

* Bakkt Holdings Inc  BKKT.N  reported a quarterly adjusted
loss
of 19 cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for a loss
of 20 cents per share.
    * Revenue rose 2,455.9% to $347.60 million from a year ago;
analysts expected $17.20 million. 
    * Bakkt Holdings Inc's reported EPS for the quarter was a
loss
of 19 cents​.
    * The mean earnings estimate of analysts had fallen by
about 14%
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 14.6% this
quarter and
gained 18.5% so far this year.
    * The company reported a quarterly loss of $16.8 million.
    * Wall Street's median 12-month price target for Bakkt
Holdings
Inc is $1.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 02:46 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.20          -0.19          Beat
 Mar. 31 2023      -0.18          -0.17          Beat
 Dec. 31 2022      -0.18          -1.24          Missed
 Sep. 30 2022      -0.12          14.09          Beat