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

Bakkt

11/05/2023 14:31

* Bakkt Holdings Inc  BKKT.N  reported a quarterly adjusted
loss
of 17 cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for a loss
of 18 cents per share.
    * Revenue rose 4% to $13.00 million from a year ago;
analysts
expected $14.35 million. 
    * Bakkt Holdings Inc's reported EPS for the quarter was a
loss
of 17 cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.6%
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 fallen by 20.3% this
quarter and
gained 15.1% so far this year.
    * The company reported a quarterly loss of $14 million.
    * Wall Street's median 12-month price target for Bakkt
Holdings
Inc is $1.80 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
11 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.18          -0.17          Beat
 Dec. 31 2022      -0.18          -1.24          Missed
 Sep. 30 2022      -0.12          14.09          Beat
 Jun. 30 2022      -0.16          -0.05          Beat