Bit Digital (BTBT) Set to Announce Quarterly Earnings on Wednesday

Bit Digital (NASDAQ:BTBT) will be issuing its quarterly earnings data after the market closes on Wednesday, May 15th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.

Bit Digital (NASDAQ:BTBT) last announced its quarterly earnings data on Monday, March 18th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $16.05 million during the quarter, compared to the consensus estimate of $12.06 million. Bit Digital had a negative return on equity of 6.20% and a negative net margin of 30.93%. On average, analysts expect Bit Digital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bit Digital Trading Up 1.4 %

Shares of NASDAQ:BTBT opened at $2.20 on Thursday. The stock has a 50 day moving average of $2.29 and a 200 day moving average of $2.67. The company has a market cap of $181.46 million, a PE ratio of -13.56 and a beta of 4.85. Bit Digital has a 12-month low of $1.76 and a 12-month high of $5.27.

Analyst Ratings Changes

A number of brokerages recently issued reports on BTBT. Northland Securities began coverage on Bit Digital in a research note on Tuesday, February 13th. They set an “outperform” rating and a $6.00 price objective for the company. HC Wainwright reiterated a “buy” rating and set a $5.00 price objective on shares of Bit Digital in a research note on Wednesday, March 20th.

Bit Digital Company Profile

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.