Earnings Outlook For BIT Mining
Portfolio Pulse from Benzinga Insights
BIT Mining (NYSE:BTCM) is set to release its latest quarterly earnings report on August 18, 2023. Analysts estimate an earnings per share (EPS) of $-0.20. The company's past performance shows a mix of negative and positive price changes post-earnings release. The stock is currently trading at $2.94, down 27.71% over the last 52-week period.
August 17, 2023 | 3:00 pm
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NEGATIVE IMPACT
BIT Mining is expected to report a negative EPS of $-0.20. The stock has been on a downward trend, down 27.71% over the last 52 weeks.
BIT Mining's stock has been on a downward trend, and the expected negative EPS could potentially further depress the stock price. However, any positive guidance for the next quarter could mitigate this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100