Bit Digital, Inc. reports results for the quarter ended June 30 - Earnings Summary
Bit Digital, Inc. reports results for the quarter ended June 30 - Earnings Summary
Bit Digital, Inc. BTBT.OQ reported a quarterly adjusted loss of 14 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of five analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -5 cents to -3 cents per share.
Revenue rose 25.2% to $32.11 million from a year ago; analysts expected $23.71 million.
Bit Digital, Inc.'s reported EPS for the quarter was a loss of 31 cents.
The company reported a quarterly loss of $107.21 million.
Bit Digital, Inc. shares had fallen by 18.9% this quarter and lost 22.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 2.3% 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 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the blockchain & cryptocurrency peer group is also "buy"
Wall Street's median 12-month price target for Bit Digital, Inc. is $5.50, about 73.5% above its last closing price of $1.46
This summary was machine generated from LSEG data August 13 at 02:23 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 2026 | -0.04 | -0.14 | Missed |
Mar. 31 2026 | -0.04 | -0.44 | Missed |
Dec. 31 2025 | -0.02 | -0.61 | Missed |
Sep. 30 2025 | 0.00 | 0.47 | Beat |