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Bitdeer Technologies Group Q1 Earnings Meet Estimates

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Bitdeer Technologies Group (NASDAQ: BTDR) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.05, delivering a surprise of -54.55%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

BITDEER TEC GRP, which belongs to the Zacks Technology Services industry, posted revenues of $119.51 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.32%. This compares to year-ago revenues of $72.59 million. The company has topped consensus revenue estimates just once 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.

BITDEER TEC GRP shares have lost about 44.2% since the beginning of the …

Full story available on Benzinga.com

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