Bit Digital (BTBT) to Release Earnings on Thursday

Bit Digital (NASDAQ:BTBT) is projected to issue its Q1 2025 quarterly earnings data after the market closes on Thursday, May 15th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $26.38 million for the quarter.

Bit Digital (NASDAQ:BTBT) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The company had revenue of $26.10 million during the quarter, compared to the consensus estimate of $25.06 million. Bit Digital had a negative net margin of 2.75% and a negative return on equity of 5.69%. During the same period last year, the company earned ($0.16) earnings per share. 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 Price Performance

Shares of BTBT stock opened at $2.15 on Tuesday. The stock has a market cap of $438.06 million, a PE ratio of 35.83 and a beta of 5.25. The stock has a 50-day moving average of $2.09 and a 200-day moving average of $3.08. Bit Digital has a one year low of $1.69 and a one year high of $5.74.

Analysts Set New Price Targets

BTBT has been the subject of a number of recent analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $7.00 price target on shares of Bit Digital in a research note on Monday, April 21st. Craig Hallum began coverage on Bit Digital in a research report on Tuesday, January 21st. They issued a “buy” rating and a $6.00 price objective for the company.

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.