Bakkt Hldgs Q4 EPS $(0.29) Misses $(0.13) Estimate, Sales $15.10M Miss $15.25M Estimate
Portfolio Pulse from Happy Mohamed
Bakkt Holdings (BKKT) reported Q4 earnings with a loss of $(0.29) per share, missing the $(0.13) estimate by 123.08%, and a 76.61% improvement from last year's $(1.24) loss. Sales were $15.10M, missing the $15.25M estimate by 0.98%, marking a 3.21% decrease from last year's $15.60M.
March 25, 2024 | 8:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bakkt Holdings reported a significant miss in Q4 earnings and sales, with a loss per share of $(0.29) and sales of $15.10M, both missing estimates.
The significant miss in both earnings per share and sales compared to analyst estimates suggests a negative short-term impact on BKKT's stock price. The reported loss per share was nearly double the expected, and the slight miss in sales further compounds the negative outlook. Given the financial performance is a critical factor in stock valuation, this earnings report could lead to decreased investor confidence and a potential drop in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100