Bakkt Hldgs Q2 2024 GAAP EPS $(2.67) Misses $(1.76) Estimate, Sales $509.900M Beat $16.331M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bakkt Holdings (NYSE: BKKT) reported Q2 2024 GAAP EPS of $(2.67), missing the $(1.76) estimate by 51.7%. However, sales were $509.9M, significantly beating the $16.331M estimate by 3,020%. This represents a 43.07% improvement in EPS and a 46.69% increase in sales year-over-year.
August 14, 2024 | 11:05 am
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Bakkt Holdings reported a Q2 2024 GAAP EPS of $(2.67), missing the $(1.76) estimate by 51.7%. However, sales were $509.9M, significantly beating the $16.331M estimate by 3,020%. This represents a 43.07% improvement in EPS and a 46.69% increase in sales year-over-year.
Despite missing EPS estimates, Bakkt Holdings showed significant sales growth, beating estimates by a large margin and improving year-over-year. This positive sales performance is likely to outweigh the EPS miss in the short term, leading to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100