Btcs Inc Reports Results For The Quarter Ended In June: Earnings Summary

BTCS

19/08/2024 23:51

* BTCS Inc  BTCS.OQ  reported a quarterly adjusted loss
of 43
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -7
cents.  The lone analyst forecast for the quarter was for a loss
of 4 cents per share. 
    * Revenue rose 45.4% to $561.00 thousand from a year ago;
analysts
expected $400.00 thousand. 
    * BTCS Inc's reported EPS for the quarter was a loss of 43
cents​.
    * The company reported a quarterly loss of $6.73 million.
    * BTCS Inc shares had fallen by 6.5% this quarter and
lost 20.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for BTCS Inc is $3.00
This summary was machine generated from LSEG data August 19 at
10:51 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
 Jan. 1 0001       -0.04          -0.43          Missed
 Dec. 31 2023      -0.09          0.77           Beat
 Sep. 30 2023      -0.08          -0.04          Beat