Bakkt (BKKT) Scheduled to Post Earnings on Wednesday

Bakkt (NYSE:BKKT - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 13th. Analysts expect Bakkt to post earnings of ($1.10) per share for the quarter. Bakkt has set its FY 2024 guidance at EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

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

Bakkt Trading Up 14.2 %

Shares of NYSE BKKT traded up $1.32 during midday trading on Wednesday, reaching $10.59. The company's stock had a trading volume of 228,049 shares, compared to its average volume of 225,377. Bakkt has a fifty-two week low of $5.57 and a fifty-two week high of $68.75. The stock has a market capitalization of $143.18 million, a price-to-earnings ratio of -0.64 and a beta of 4.71. The stock has a 50 day simple moving average of $10.85 and a 200-day simple moving average of $13.72.

Bakkt Company Profile

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.