Bitdeer Technologies Group BTDR.OQ reported a quarterly adjusted loss of 13 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of ten analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -21 cents to -6 cents per share.
Revenue rose 56.8% to $155.58 million from a year ago; analysts expected $100.95 million.
Bitdeer Technologies Group's reported EPS for the quarter was a loss of 76 cents.
The company reported a quarterly loss of $147.75 million.
Bitdeer Technologies Group shares had risen by 16.6% this quarter and lost 38.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 111.8% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "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 Bitdeer Technologies Group is $21.50, about 37.7% above its last closing price of $13.39
This summary was machine generated from LSEG data August 18 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)