Cipher Mining Inc expected to post a loss of 5 cents a share - Earnings Preview

Cipher Digital

09/08/2024 20:21

* Cipher Mining Inc  CIFR.OQ   CIFR.O  is expected to show a
rise
in quarterly revenue when it reports  results on August 13 for
the period ending June 30 2024
    * The New York City-based  company is expected to report a
22.6% increase in revenue to $38.267 million from $31.22 million
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Cipher Mining Inc is for
a
loss of 5 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cipher
Mining Inc
is $6.75​, above​ its last closing price of $4.33. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.03        0.01       0.13      Beat    1,416.
                                                        9
 Dec. 31 2024  -0.05       -0.04      0.05      Beat    220
 Sep. 30 2023  -0.05       -0.05      -0.07     Missed  -53.1​
 Jun. 30 2023  -0.02       -0.03      -0.05     Missed  -92.3
 ​​Mar.        -0.01       -0.02      -0.03     Missed  -71.4
 31 2023                                                
 Dec. 31 2022  -0.06       -0.06      -0.21     Missed  -223.1
                                                        ​
 Sep. 30 2022  -0.07       -0.07      0.24      Beat    442.9
 This summary was machine generated August 9 at 19:21 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)