Canaan Inc expected to post a loss of 7 cents a share - Earnings Preview

Canaan

13/05/2025 15:26

Canaan Inc CAN.OQ CAN.O is expected to show a rise in quarterly revenue when it reports  results on May 20 for the period ending March 31 2025

The  Singapore-based   company is expected to report a 147.4% increase in revenue to $86.8 million from $35.09 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.

​LSEG's mean analyst estimate for Canaan Inc is for a loss of 7 cents per share.

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

The mean earnings estimate of analysts had fallen by about 17.4% in the last three months. ​

Wall Street's median 12-month price target for Canaan Inc is $3.00​, above​ its last closing price of $0.83. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Dec. 31 2024
-0.13
-0.09
-0.02
Beat
75.6
Sep. 30 2024
-0.05
-0.05
-0.27
Missed
-440
Jun. 30 2024
-0.02
-0.02
-0.01
Beat
50​
​​Dec. 31 2023
-0.19
-0.19
-0.55
Missed
-189.5
Sep. 30 2023
-0.28
-0.28
-0.47
Missed
-67.9​
Jun. 30 2023
-0.13
-0.26
Missed
-98
Mar. 31 2023
-0.23
-0.23
-0.43
Missed
-89.8

This summary was machine generated May 13 at 14:26 GMT.  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)