Bakkt (BKKT) Set to Announce Quarterly 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 are interested in participating in the company’s conference call can do so using this link.

Bakkt (NYSE:BKKT) last posted its quarterly earnings data 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 period in the prior year, the firm earned ($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 Stock Performance

Bakkt stock opened at $9.27 on Wednesday. Bakkt has a 52-week low of $5.57 and a 52-week high of $68.75. The firm has a 50 day moving average price of $10.91 and a two-hundred day moving average price of $13.74.

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.