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

Bakkt

10/11/2022 16:13

* Bakkt Holdings Inc  BKKT.N  reported quarterly adjusted
earnings
of $14.09​​ per share for the quarter ended in September. The
mean expectation of three analysts for the quarter was for a
loss of 12 cents per share.
    * Revenue was $12.90 million​; analysts expected $14.10
million. 
    * Bakkt Holdings Inc's reported EPS for the quarter was a
loss of
$6.11​.
    * The mean earnings estimate of analysts had risen by
about 28.7%
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 24.1% this
quarter and
lost 79.7% so far this year.
    * The company reported a quarterly loss of $468.1 million.
    * Wall Street's median 12-month price target for Bakkt
Holdings
Inc is $3.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
10 at 04:13 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      -1.06