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Bit Digital, Inc. (BTBT) Registers a Bigger Fall Than the Market: Important Facts to Note
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Bit Digital, Inc. (BTBT - Free Report) closed the most recent trading day at $1.37, moving -1.09% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.18%. On the other hand, the Dow registered a loss of 0.85%, and the technology-centric Nasdaq decreased by 0.06%.
Coming into today, shares of the company had lost 17.37% in the past month. In that same time, the Business Services sector gained 1.84%, while the S&P 500 gained 3.33%.
Analysts and investors alike will be keeping a close eye on the performance of Bit Digital, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on August 13, 2026. In that report, analysts expect Bit Digital, Inc. to post earnings of -$0.05 per share. This would mark a year-over-year decline of 66.67%. At the same time, our most recent consensus estimate is projecting a revenue of $21.71 million, reflecting a 15.54% fall from the equivalent quarter last year.
BTBT's full-year Zacks Consensus Estimates are calling for earnings of -$0.55 per share and revenue of $137.81 million. These results would represent year-over-year changes of -139.13% and +21.3%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Bit Digital, Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Bit Digital, Inc. currently has a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 154, placing it within the bottom 38% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Bit Digital, Inc. (BTBT) Registers a Bigger Fall Than the Market: Important Facts to Note
Bit Digital, Inc. (BTBT - Free Report) closed the most recent trading day at $1.37, moving -1.09% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.18%. On the other hand, the Dow registered a loss of 0.85%, and the technology-centric Nasdaq decreased by 0.06%.
Coming into today, shares of the company had lost 17.37% in the past month. In that same time, the Business Services sector gained 1.84%, while the S&P 500 gained 3.33%.
Analysts and investors alike will be keeping a close eye on the performance of Bit Digital, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on August 13, 2026. In that report, analysts expect Bit Digital, Inc. to post earnings of -$0.05 per share. This would mark a year-over-year decline of 66.67%. At the same time, our most recent consensus estimate is projecting a revenue of $21.71 million, reflecting a 15.54% fall from the equivalent quarter last year.
BTBT's full-year Zacks Consensus Estimates are calling for earnings of -$0.55 per share and revenue of $137.81 million. These results would represent year-over-year changes of -139.13% and +21.3%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Bit Digital, Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Bit Digital, Inc. currently has a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 154, placing it within the bottom 38% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.