Cipher Mining Inc expected to post a loss of 8 cents a share - Earnings Preview

Cipher Digital

29/10/2024 13:52

* Cipher Mining Inc  CIFR.OQ   CIFR.O  is expected to show a
fall
in quarterly revenue when it reports  results on October 31 for
the period ending September 30 2024
    * The New York City-based  company is expected to report a
3.6% decrease in revenue to $29.219 million from $30.3 million a
year ago, according to the mean estimate from 9 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Cipher Mining Inc is for
a
loss of 8 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 17.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Cipher
Mining Inc
is 7.50​, above​ its last closing price of $5.66. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.06       -0.05      -0.05     Met     -6.1
 Jan. 1 2024   0.03        0.01       0.13      Beat    1,416.
                                                        9
 Dec. 31 2023  -0.05       -0.04      0.05      Beat    220​
 Sep. 30 2023  -0.05       -0.05      -0.07     Missed  -53.1
 ​​Jun.        -0.02       -0.03      -0.05     Missed  -92.3
 30 2023                                                
 Mar. 31 2023  -0.01       -0.02      -0.03     Missed  -71.4​
 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 October 29 at 13:51 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)