BitFuFu Inc FUFU.OQ reported a quarterly adjusted loss of 10 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of two analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 1 cents to 6 cents per share.
Revenue fell 46% to $78.04 million from a year ago; analysts expected $99.82 million.
BitFuFu Inc shares had fallen by 20.3% this quarter and lost 26.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 50% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the blockchain & cryptocurrency peer group is also "buy"
Wall Street's median 12-month price target for BitFuFu Inc is $8.64
This summary was machine generated from LSEG data June 5 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)