Bakkt Hldgs Q3 EPS $(0.19) Misses $(0.17) Estimate, Sales $204.80M Beat $16.13M Estimate
Portfolio Pulse from Happy Mohamed
Bakkt Holdings (BKKT) reported Q3 earnings with a loss of $0.19 per share, missing the consensus estimate of $0.17. However, their quarterly sales of $204.80 million significantly exceeded the $16.13 million estimate, marking a substantial year-over-year growth.
February 14, 2024 | 5:46 pm
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Bakkt Holdings reported a Q3 EPS loss of $0.19, missing estimates, but achieved a significant sales beat with $204.80 million against a $16.13 million estimate.
Despite the EPS miss, the substantial beat on sales expectations indicates strong revenue growth, which could positively impact investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100