Bit Digital, Inc. (BTBT) Flat As Market Gains: What You Should Know

Company Performance - Bit Digital, Inc. (BTBT) closed at $1.85, showing no movement from the previous day, underperforming compared to the S&P 500's gain of 0.79% [1] - Over the past month, shares of Bit Digital, Inc. have decreased by 24.18%, while the Business Services sector and S&P 500 have lost 2.73% and 3.56%, respectively [1] Earnings Forecast - The upcoming earnings report for Bit Digital, Inc. is expected to show an EPS of -$0.06, reflecting a 300% decline from the same quarter last year [2] - Revenue is projected at $24.18 million, down 20.16% from the prior-year quarter [2] Full Year Estimates - For the full year, earnings are estimated at -$0.02 per share and revenue at $157.96 million, indicating increases of 92.86% and 46.19% from the previous year [3] - Recent changes in analyst estimates suggest evolving short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] Analyst Ratings - The Zacks Rank system, which correlates estimate changes with stock prices, currently ranks Bit Digital, Inc. at 3 (Hold) [5] - Over the past month, the Zacks Consensus EPS estimate has decreased by 153.85% [5] Industry Context - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 65, placing it in the top 27% of over 250 industries [6] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]