Bakkt (BKKT) Set to Announce Earnings on Wednesday

Bakkt (NYSE:BKKT) is scheduled to be posting its quarterly earnings results 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.Parties that wish to register for the company’s conference call can do so using this link.

Bakkt (NYSE:BKKT) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($2.67) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $877.20 million. During the same quarter in the previous 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 3.5 %

Shares of NYSE BKKT opened at $9.27 on Wednesday. The firm’s 50-day moving average price is $10.91 and its 200-day moving average price is $13.74. Bakkt has a 1-year low of $5.57 and a 1-year high of $68.75.

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.