Bit Digital, Inc. (BTBT) Is a Trending Stock: Facts to Know Before Betting on It

Core Viewpoint - Bit Digital, Inc. (BTBT) has gained significant attention in the market, with a stock return of +45.9% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change and the Zacks Technology Services industry's +2.4% [1] Earnings Estimates - Bit Digital is expected to report break-even earnings per share (EPS) for the current quarter, reflecting a year-over-year change of -100% [3] - The consensus earnings estimate for the current fiscal year is $0.38, indicating a change of +337.5% from the prior year, although this estimate has decreased by -150% over the last 30 days [3] - For the next fiscal year, the consensus earnings estimate is $0.22, representing a change of -42.1% from the previous year, with a recent change of -10.7% [3] Revenue Growth - The consensus sales estimate for the current quarter is $27.84 million, showing a year-over-year change of +207.9% [6] - For the current fiscal year, the sales estimate is $123.73 million, indicating a +175.5% change, while the next fiscal year's estimate of $153.53 million reflects a +24.1% change [6] Recent Performance - In the last reported quarter, Bit Digital achieved revenues of $30.29 million, a year-over-year increase of +266.3%, and an EPS of $0.03 compared to -$0.03 a year ago [7] - The company exceeded the Zacks Consensus Estimate for revenues by +18.28% and had an EPS surprise of +200% [7] - Bit Digital has consistently beaten consensus EPS estimates in the last four quarters and topped revenue estimates three times during this period [7] Valuation Metrics - Bit Digital's valuation is assessed through various multiples, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), which help determine if the stock is fairly valued, overvalued, or undervalued [8] - The Zacks Value Style Score grades Bit Digital as D, indicating it is trading at a premium compared to its peers [10]