BTCS Inc. (BTCS) Reports Q2 Loss, Tops Revenue Estimates

Group 1 - BTCS Inc. reported a quarterly loss of $0.04 per share, which aligns with the Zacks Consensus Estimate, showing an improvement from a loss of $0.07 per share a year ago [1] - The company posted revenues of $0.56 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 40.25%, compared to $0.39 million in the same quarter last year [2] - BTCS Inc. shares have declined approximately 20.9% since the beginning of the year, contrasting with the S&P 500's gain of 16.4% [3] Group 2 - The earnings outlook for BTCS Inc. is mixed, with the current consensus EPS estimate for the upcoming quarter at -$0.05 on revenues of $0.5 million, and for the current fiscal year at -$0.49 on revenues of $1.7 million [7] - The Zacks Industry Rank for Financial - Miscellaneous Services is in the top 32% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8]