Bitcoin Depot BTM is preparing to release its quarterly earnings on Wednesday, 2024-11-13. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Bitcoin Depot to report an earnings per share (EPS) of $0.00.
Bitcoin Depot bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings Track Record
In the previous earnings release, the company missed EPS by $0.13, leading to a 0.64% drop in the share price the following trading session.
Here's a look at Bitcoin Depot's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0 | -0.06 | -0.08 | 0.10 |
| EPS Actual | -0.13 | -0.25 | -0.50 | -0.43 |
| Price Change % | -1.0% | 2.0% | 13.0% | 1.0% |
Market Performance of Bitcoin Depot's Stock
Shares of Bitcoin Depot were trading at $2.68 as of November 11. Over the last 52-week period, shares are up 7.87%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for Bitcoin Depot visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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