Bitcoin Depot Inc. (BTM) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of $0.03. This compares to loss of $0.69 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -533.33%. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.25, delivering a surprise of -212.50%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Bitcoin Depot Inc. , which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $163.07 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 9.81%. This compares to year-ago revenues of $197.47 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Bitcoin Depot Inc. Shares have lost about 51.7% since the beginning of the year versus the S&P 500's gain of 14.4%
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