Bitdeer Technologies Group (NASDAQ:BTDR) Just Reported And Analysts Have Been Cutting Their Estimates

Simply Wall St.
03-01

Last week, you might have seen that Bitdeer Technologies Group (NASDAQ:BTDR) released its full-year result to the market. The early response was not positive, with shares down 6.0% to US$12.31 in the past week. Revenues were in line with expectations, at US$350m, while statutory losses ballooned to US$4.36 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

See our latest analysis for Bitdeer Technologies Group

NasdaqCM:BTDR Earnings and Revenue Growth March 1st 2025

Taking into account the latest results, the most recent consensus for Bitdeer Technologies Group from eleven analysts is for revenues of US$589.8m in 2025. If met, it would imply a substantial 69% increase on its revenue over the past 12 months. Statutory losses are forecast to balloon 99% to US$0.04 per share. Before this earnings report, the analysts had been forecasting revenues of US$672.0m and earnings per share (EPS) of US$0.27 in 2025. So we can see that the consensus has become notably more bearish on Bitdeer Technologies Group's outlook following these results, with a substantial drop in next year's revenue estimates. Furthermore, they expect the business to be loss-making next year, compared to their previous calls for a profit.

The consensus price target fell 12% to US$22.72, with the analysts clearly concerned about the company following the weaker revenue and earnings outlook. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Bitdeer Technologies Group analyst has a price target of US$31.00 per share, while the most pessimistic values it at US$15.10. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that Bitdeer Technologies Group's rate of growth is expected to accelerate meaningfully, with the forecast 69% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 13% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 12% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Bitdeer Technologies Group to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts are expecting Bitdeer Technologies Group to become unprofitable next year. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Bitdeer Technologies Group going out to 2027, and you can see them free on our platform here.

We don't want to rain on the parade too much, but we did also find 3 warning signs for Bitdeer Technologies Group (2 can't be ignored!) that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10