Bit Digital (BTBT) to Release Quarterly Earnings on Thursday

Bit Digital (NASDAQ:BTBT) is expected to be announcing its Q1 2025 earnings results 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 released its earnings results on Friday, March 14th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). Bit Digital had a negative net margin of 2.75% and a negative return on equity of 5.69%. The firm had revenue of $26.10 million for the quarter, compared to analysts’ expectations of $25.06 million. During the same quarter last year, the firm posted ($0.16) EPS. 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 Stock Performance

BTBT opened at $2.24 on Wednesday. Bit Digital has a fifty-two week low of $1.69 and a fifty-two week high of $5.74. The firm’s fifty day moving average is $2.08 and its 200 day moving average is $3.08. The stock has a market cap of $456.40 million, a price-to-earnings ratio of 37.33 and a beta of 5.25.

Wall Street Analysts Forecast Growth

Several analysts have commented on BTBT shares. HC Wainwright reiterated 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 started coverage on shares of Bit Digital in a research note on Tuesday, January 21st. They issued a “buy” rating and a $6.00 price target on the stock.

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.