Q3 Earnings Forecast for Bit Digital Issued By HC Wainwright

Key Points

• HC Wainwright expects Bit Digital to report a Q3 2026 loss of $0.05 per share and maintains a Buy rating with a $4.00 price target. Its FY2027 loss estimate is $0.16 per share.
• Analyst sentiment is mixed: three analysts rate the stock Buy, one rates it Hold, and one rates it Sell. MarketBeat’s consensus rating is Hold, with an average price target of $4.38.
• Bit Digital recently reported a larger-than-expected quarterly loss of $0.31 per share, despite revenue of $32.11 million exceeding estimates. Institutional investors own 47.7% of the company, with several major funds increasing their positions.

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Investment analysts at HC Wainwright issued their Q3 2026 EPS estimates for shares of Bit Digital in a report released on Tuesday, September 8th. HC Wainwright analyst M. Colonnese forecasts that the company will post earnings of ($0.05) per share for the quarter. HC Wainwright has a "Buy" rating and a $4.00 price objective on the stock. The consensus estimate for Bit Digital's current full-year earnings is ($0.56) per share. HC Wainwright also issued estimates for Bit Digital's Q4 2026 earnings at ($0.05) EPS, Q1 2027 earnings at ($0.04) EPS, Q2 2027 earnings at ($0.04) EPS, Q3 2027 earnings at ($0.04) EPS, Q4 2027 earnings at ($0.04) EPS and FY2027 earnings at ($0.16) EPS.

A number of other equities analysts also recently issued reports on the company. Zacks Research upgraded Bit Digital from a "strong sell" rating to a "hold" rating in a research note on Friday, July 17th. B. Riley Financial restated a "buy" rating on shares of Bit Digital in a report on Monday, May 18th. Craig Hallum reaffirmed a "buy" rating and set a $3.50 target price on shares of Bit Digital in a research report on Tuesday, July 14th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Bit Digital in a report on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $4.38.

Bit Digital Trading Down 2.4%

NASDAQ:BTBT opened at $1.66 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.51 and a quick ratio of 1.51. Bit Digital has a one year low of $1.18 and a one year high of $4.55. The company has a market cap of $598.65 million, a PE ratio of -1.57 and a beta of 3.97. The firm has a 50-day moving average of $1.51 and a 200-day moving average of $1.65.

Bit Digital (NASDAQ:BTBT - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.26). The business had revenue of $32.11 million for the quarter, compared to analyst estimates of $23.58 million. Bit Digital had a negative return on equity of 10.66% and a negative net margin of 237.19%.

Institutional Investors Weigh In On Bit Digital

A number of hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC increased its holdings in Bit Digital by 815.3% during the first quarter. AQR Capital Management LLC now owns 202,648 shares of the company's stock worth $409,000 after buying an additional 180,509 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Bit Digital by 62.6% in the 1st quarter. Millennium Management LLC now owns 2,337,217 shares of the company's stock worth $4,721,000 after purchasing an additional 899,967 shares during the period. JPMorgan Chase & Co. lifted its stake in Bit Digital by 304.0% in the second quarter. JPMorgan Chase & Co. now owns 290,764 shares of the company's stock valued at $637,000 after purchasing an additional 218,789 shares during the last quarter. Legal & General Group Plc grew its holdings in Bit Digital by 60.2% during the second quarter. Legal & General Group Plc now owns 16,508 shares of the company's stock valued at $36,000 after purchasing an additional 6,206 shares during the period. Finally, Rhumbline Advisers increased its position in Bit Digital by 62.4% in the second quarter. Rhumbline Advisers now owns 258,938 shares of the company's stock worth $567,000 after buying an additional 99,490 shares during the last quarter. 47.70% of the stock is currently owned by institutional investors.

Bit Digital Company Profile

Bit Digital, Inc NASDAQ: BTBT is a publicly traded digital asset mining company that specializes in the proof-of-work mining of Bitcoin. Incorporated in Nevada and headquartered in New York City, Bit Digital develops, owns and manages a fleet of high-efficiency ASIC miners, with the primary aim of generating newly minted Bitcoin through computational work. The company's revenue is derived solely from its mining operations and any resulting cryptocurrency holdings.

To support its mining activities, Bit Digital maintains multiple data center facilities across North America.

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