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

Bakkt

14/08/2024 14:31

* Bakkt Holdings Inc  BKKT.N  reported a quarterly adjusted
loss
of $2.67​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$-4.75.  The mean expectation of two analysts for the quarter
was for a loss of $1.76 per share.  $-1.76 per share.
    * Revenue rose 3,127.2% to $509.90 million from a year ago;
analysts expected $16.33 million. 
    * Bakkt Holdings Inc's reported EPS for the quarter was a
loss of
$2.67​.
    * The company reported a quarterly loss of $16.42 million.
    * Bakkt Holdings Inc shares had fallen by 19.2% this
quarter and
lost 72.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.9%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the blockchain &
cryptocurrency peer group is also "hold"

Wall Street's median 12-month price target for Bakkt Holdings
Inc is $11.00 
This summary was machine generated from LSEG data August 14 at
01:31 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
 Jun. 30 2024      -1.76          -2.67          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