Company Performance - Bit Digital, Inc. (BTBT) closed at $2.11, reflecting a +1.93% change from the previous session, outperforming the S&P 500's gain of 1.47% [1] - The stock has increased by 5.08% over the past month, contrasting with the Business Services sector's decline of 1.38% and the S&P 500's loss of 0.47% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of -$0.05, a decline of 266.67% from the same quarter last year [2] - Revenue is forecasted to be $26.21 million, indicating a 13.46% decrease compared to the prior year [2] - Full-year estimates predict earnings of -$0.04 per share and revenue of $158.34 million, representing year-over-year increases of +85.71% and +46.54%, respectively [3] Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Bit Digital, Inc. are crucial as they reflect changing business trends, with positive revisions indicating a favorable outlook [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Bit Digital, Inc. at 3 (Hold), following a 100% fall in the Zacks Consensus EPS estimate over the past month [6] Industry Context - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 82, placing it in the top 34% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Bit Digital, Inc. (BTBT) Exceeds Market Returns: Some Facts to Consider