Bit Digital, Inc. (BTBT) is Attracting Investor Attention: Here is What You Should Know

Core Viewpoint - Bit Digital, Inc. (BTBT) has shown significant stock performance with a +16.2% return over the past month, outperforming the Zacks S&P 500 composite's +1.1% change, while the Zacks Technology Services industry has declined by 1.9% [1] Earnings Estimates - Bit Digital is expected to report a loss of $0.03 per share for the current quarter, reflecting a year-over-year change of -250% [3] - The consensus earnings estimate for the current fiscal year is $0.38, indicating a year-over-year change of +337.5%, but has changed by -150% over the last 30 days [3] - For the next fiscal year, the consensus estimate is $0.22, representing a -42.1% change from the previous year, with a -10.7% change in the last month [3] - Bit Digital is rated Zacks Rank 4 (Sell) due to the significant change in consensus estimates and other related factors [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $27.84 million, indicating a year-over-year change of +207.9% [5] - The sales estimates for the current and next fiscal years are $123.73 million and $153.53 million, reflecting changes of +175.5% and +24.1%, respectively [5] Last Reported Results and Surprise History - In the last reported quarter, Bit Digital achieved revenues of $30.29 million, a year-over-year increase of +266.3% [6] - The EPS for the same period was $0.03, compared to -$0.03 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $25.61 million by +18.28%, and the EPS surprise was +200% [7] - The company has consistently beaten consensus EPS estimates in the last four quarters and topped revenue estimates three times [7] Valuation - Bit Digital is graded F in the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [9]