Bitcoin Depot Inc. Just Beat EPS By 116%: Here's What Analysts Think Will Happen Next

Bitcoin Depot Inc. (NASDAQ:BTM) defied analyst predictions to release its quarterly results, which were ahead of market expectations. The company beat forecasts, with revenue of US$164m, some 8.3% above estimates, and statutory earnings per share (EPS) coming in at US$0.20, 116% ahead of expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Our free stock report includes 2 warning signs investors should be aware of before investing in Bitcoin Depot. Read for free now.

After the latest results, the three analysts covering Bitcoin Depot are now predicting revenues of US$619.9m in 2025. If met, this would reflect a satisfactory 3.4% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with Bitcoin Depot forecast to report a statutory profit of US$0.45 per share. In the lead-up to this report, the analysts had been modelling revenues of US$612.7m and earnings per share (EPS) of US$0.34 in 2025. Although the revenue estimates have not really changed, we can see there's been a very substantial lift in earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.

View our latest analysis for Bitcoin Depot

The consensus price target rose 13% to US$5.38, suggesting that higher earnings estimates flow through to the stock's valuation as well. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Bitcoin Depot at US$7.00 per share, while the most bearish prices it at US$4.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Bitcoin Depot shareholders.

Of course, another way to look at these forecasts is to place them into context against the industry itself. For example, we noticed that Bitcoin Depot's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 4.6% growth to the end of 2025 on an annualised basis. That is well above its historical decline of 1.4% a year over the past three years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 6.7% annually for the foreseeable future. Although Bitcoin Depot's revenues are expected to improve, it seems that the analysts are still bearish on the business, forecasting it to grow slower than the broader industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Bitcoin Depot following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

With that in mind, we wouldn't be too quick to come to a conclusion on Bitcoin Depot. Long-term earnings power is much more important than next year's profits. We have forecasts for Bitcoin Depot going out to 2026, and you can see them free on our platform here.

And what about risks? Every company has them, and we've spotted 2 warning signs for Bitcoin Depot (of which 1 is significant!) you should know about.

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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.