Bit Digital Inc reports results for the quarter ended December 31 - Earnings Summary

• Bit Digital Inc BTBT.OQ reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of six analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -7 cents to -2 cents per share.

• Revenue rose 62.6% to $26.10 million from a year ago; analysts expected $25.06 million.

• Bit Digital Inc's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of $28.97 million.

• Bit Digital Inc shares had fallen by 22.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 17.3% 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 $5.96

This summary was machine generated from LSEG data March 14 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)