Earnings Preview: Bakkt Hldgs
Portfolio Pulse from Benzinga Insights
Bakkt Hldgs (NYSE:BKKT) is scheduled to release its quarterly earnings report on March 20, 2024, with an estimated EPS of $-0.13. Despite past earnings misses, the company's stock price increased by 18.76% following the last report. Over the past year, BKKT shares have declined by 62.79%. Investors are looking for positive guidance for the next quarter.
March 19, 2024 | 3:02 pm
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NEUTRAL IMPACT
Bakkt Hldgs is expected to report an EPS of $-0.13 for the upcoming quarter. Historical data shows significant stock price movements post-earnings, with a 62.79% decline over the past year.
Given BKKT's history of stock price volatility post-earnings and the significant annual decline, the upcoming earnings report could maintain current price levels if it meets or exceeds expectations. However, investor focus on future guidance rather than past performance introduces uncertainty.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100