Bakkt (BKKT) Scheduled to Post Earnings on Wednesday

Bakkt (NYSE:BKKT) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of ($1.10) per share for the quarter. Bakkt has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Bakkt (NYSE:BKKT) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($2.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.77) by ($0.90). Bakkt had a negative net margin of 3.85% and a negative return on equity of 47.29%. The company had revenue of $509.90 million during the quarter, compared to analyst estimates of $877.20 million. During the same period in the prior year, the business posted ($4.75) EPS. On average, analysts expect Bakkt to post $-6 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Bakkt Stock Performance

Bakkt stock opened at $12.41 on Tuesday. The company’s fifty day moving average price is $10.69 and its 200 day moving average price is $13.75. Bakkt has a 1 year low of $5.57 and a 1 year high of $68.75. The stock has a market capitalization of $167.75 million, a P/E ratio of -0.74 and a beta of 4.71.

About Bakkt

Bakkt Holdings, Inc offers software as a service and application programming interface solutions for crypto and loyalty, powering engagement, and performance. The company operates Bakkt Marketplace, a platform that enables consumers to buy, sell, and store crypto in an embedded web experience; Bakkt Crypto, a platform that supports clients with a range of crypto solutions; and Bakkt Trust, institutional-grade qualified custody solution for market participants.