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

Bakkt

15/05/2024 22:37

* Bakkt Holdings Inc  BKKT.N  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