Bit Digital Q4 EPS $0.12 Beats $(0.05) Estimate, Sales $16.04M Beat $13.18M Estimate
Portfolio Pulse from dijoy@benzinga.com
Bit Digital (NASDAQ:BTBT) reported Q4 earnings of $0.12 per share, surpassing the $(0.05) estimate, marking a 340% beat and a 700% increase from last year's $(0.02) per share loss. Sales reached $16.04M, exceeding the $13.18M estimate by 21.68% and showing a 106.22% increase from last year's $7.78M.
March 18, 2024 | 8:51 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bit Digital reported a significant beat on both earnings and sales estimates for Q4, with earnings per share at $0.12 against a $(0.05) estimate and sales of $16.04M against a $13.18M estimate.
The substantial beat on both earnings per share and sales estimates for Bit Digital indicates a strong performance and growth trajectory, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100