Canaan Inc reports results for the quarter ended March 31 - Earnings Summary
20/05/2025 14:32
Canaan Inc CAN.OQ reported a quarterly adjusted loss of $1.79 per share for the quarter ended March 31. The mean expectation of four analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -9 cents to -1 cents per share. Revenue rose 135.9% to $82.78 million from a year ago; analysts expected $90.11 million. Canaan Inc's reported EPS for the quarter was a loss of $1.79. The company reported a quarterly loss of $86.43 million. Canaan Inc shares had fallen by 6.6% this quarter and lost 60.0% so far this year. FORECAST CHANGES The mean earnings estimate of analysts was unchanged in the last three months. In the last 30 days, there have been no negative revisions of earnings estimates RECOMMENDATIONS 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 average consensus recommendation for the blockchain & cryptocurrency peer group is also "buy" Wall Street's median 12-month price target for Canaan Inc is $3.00 This summary was machine generated from LSEG data May 20 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)
| QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
| Mar. 31 2025 | -0.06 | -1.79 | Missed |
| Dec. 31 2024 | -0.09 | -0.02 | Beat |
| Sep. 30 2024 | -0.05 | -0.27 | Missed |
| Jun. 30 2024 | -0.02 | -0.01 | Beat |