Earnings
Home›Earnings›Previews›Bullish heads into Q2 earnings with revenue growth exp…
Bullish heads into Q2 earnings with revenue growth expectations
Analysts project adjusted earnings of $0.09 per share and about $87.4 million in revenue ahead of its Aug. 13 report.
Bullish, the Peter Thiel-backed institutional cryptocurrency exchange, is set to report second-quarter results before the U.S. market opens on Aug. 13, one year after its IPO, as Wall Street weighs upside expectations against a difficult stretch for crypto trading businesses, according to Yahoo Finance.
Yahoo Finance data cited in the story shows analysts expect Bullish to post adjusted earnings of $0.09 per share and roughly $87.4 million in revenue. Revenue is projected to rise about 53% year over year, while the consensus earnings estimate has edged down from $0.15 about three months earlier.
TheStreet highlights that analyst sentiment is mixed but generally constructive, with FactSet data cited showing five analysts rated “Buy” and six rated “Hold.” The average price target is $40.75, about 66% above the recent share price of roughly $24.60, the article says.
Supporters cited in the piece point to Bullish’s institutional client base, a fast-growing derivatives business, and early efforts tied to tokenization and stablecoins. However, JPMorgan has a “Neutral” rating and has cut its price target this year, the story adds.