BIT Mining BTCM is set to give its latest quarterly earnings report on Friday, 2023-08-18. Here's what investors need to know before the announcement.
Analysts estimate that BIT Mining will report an earnings per share (EPS) of $-0.20.
BIT Mining 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).
Here's a look at BIT Mining's past performance and the resulting price change:
|Quarter||Q1 2023||Q4 2022||Q3 2022||Q2 2022|
|Price Change %||-0.68%||6.73%||1.6%||-8.95%|
Shares of BIT Mining were trading at $2.94 as of August 16. Over the last 52-week period, shares are down 27.71%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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