Bit Digital Shares Drop 7.5% as Q1 EPS Expected to Rise 81.8%
Bit Digital shares fell 7.53% to $1.72, underperforming broader indices after a month-long 5.08% gain. Analysts expect Q1 EPS of -$0.02 on $30.66 million revenue, up 81.8% and 17.5% year-over-year respectively, with full-year EPS seen at $0.33 on $111.9 million sales.
1. Stock Price Decline
Bit Digital closed at $1.72, down 7.53%, lagging the S&P 500’s 0.57% drop and reversing the 5.08% gain logged over the prior month.
2. Q1 Earnings Forecast
Consensus projects Q1 EPS of -$0.02, an 81.82% improvement from last year, on revenues of $30.66 million, up 17.48% year-over-year.
3. Valuation and Full-Year Outlook
Analysts forecast full-year EPS of $0.33 (+217.86%) on $111.9 million sales (+3.56%), while Bit Digital’s forward P/E of 279 far exceeds the industry average of 15.45, indicating premium valuation.
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