Q: Hi Everyone at 5i!!
What are your thoughts on Galaxy Digital? Their earnings report is coming out on Mar26th. Would you happen to know what the earnings potentials may be going forward?
Cheers,
Tamara
What are your thoughts on Galaxy Digital? Their earnings report is coming out on Mar26th. Would you happen to know what the earnings potentials may be going forward?
Cheers,
Tamara
5i Research Answer:
Analysts expect EPS of $.801 and revenues of $136.723M for the quarter. It has missed the past few or more earnings results, but with the broader crypto ecosystem gaining traction recently, we could begin to see positive momentum in earnings for GLXY. The upcoming results will be for the period ending December 2023, which was slightly before the ramp up in crypto prices, and we might expect the results to be in-line with earnings, but going forward if crypto prices remain at these levels or higher, we expect earnings to begin seeing positive momentum in the coming year.