Bitdeer Technologies Group reports results for the quarter ended September 30 - Earnings Summary
18/11/2024 14:05
* Bitdeer Technologies Group BTDR.OQ reported a quarterly
adjusted loss of 35 cents per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of -2 cents. The mean expectation of
nine analysts for the quarter was for a loss of 10 cents per
share. Wall Street expected results to range from -9 cents to 6
cents per share.
* Revenue rose 13.7% to $62.03 million from a year ago;
analysts
expected $78.85 million.
* Bitdeer Technologies Group's reported EPS for the quarter
was a
loss of 35 cents.
* The company reported a quarterly loss of $50.1 million.
* Bitdeer Technologies Group shares had risen by 41.6% this
quarter and gained 12.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 79.5%
in the last three months.
* In the last 30 days, six analysts negatively revised
earnings
estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "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 $14.00
This summary was machine generated from LSEG data November 18 at
02:05 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
Sep. 30 2024 -0.10 -0.35 Missed
Mar. 31 2024 0.00 0.01 Beat
Dec. 31 2023 0.12 0.01 Missed
Sep. 30 2023 0.01 -0.05 Missed