What is B. Riley’s Forecast for Bit Digital Q3 Earnings?

Bit Digital, Inc. (NASDAQ:BTBT) – Analysts at B. Riley issued their Q3 2026 earnings per share estimates for Bit Digital in a research report issued to clients and investors on Monday, November 17th. B. Riley analyst N. Giles forecasts that the company will post earnings of ($0.01) per share for the quarter. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share. B. Riley also issued estimates for Bit Digital’s Q1 2027 earnings at $0.00 EPS and FY2027 earnings at $0.03 EPS.

Other research analysts have also issued reports about the company. HC Wainwright reiterated a “buy” rating and set a $7.00 price objective on shares of Bit Digital in a research note on Monday. Northland Securities set a $5.00 target price on shares of Bit Digital in a report on Monday. Wall Street Zen upgraded shares of Bit Digital from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Weiss Ratings raised shares of Bit Digital from a “sell (d)” rating to a “hold (c)” rating in a report on Friday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6.00.

Bit Digital Trading Up 3.5%

BTBT stock opened at $2.38 on Wednesday. The business’s 50 day moving average is $3.34 and its 200-day moving average is $2.95. The firm has a market cap of $766.69 million, a P/E ratio of 5.67 and a beta of 4.79. Bit Digital has a 1-year low of $1.69 and a 1-year high of $5.20.

Bit Digital (NASDAQ:BTBT) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. Bit Digital had a net margin of 127.61% and a negative return on equity of 7.11%. The business had revenue of $30.46 million during the quarter, compared to the consensus estimate of $29.54 million.

Institutional Trading of Bit Digital

Large investors have recently made changes to their positions in the business. Cerity Partners LLC acquired a new stake in shares of Bit Digital in the first quarter valued at $25,000. Private Advisor Group LLC bought a new stake in Bit Digital during the 1st quarter worth about $53,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Bit Digital in the 1st quarter valued at about $354,000. Arkadios Wealth Advisors acquired a new stake in Bit Digital in the 1st quarter valued at about $112,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Bit Digital by 12.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,965,801 shares of the company’s stock worth $3,971,000 after acquiring an additional 215,956 shares during the last quarter. Institutional investors own 47.70% of the company’s stock.

Bit Digital Company Profile

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.