Cipher Mining Inc expected to post earnings of 1 cent a share - Earnings Preview

Cipher Digital

03/05/2024 14:21

* Cipher Mining Inc  CIFR.OQ   CIFR.O  is expected to show a
rise
in quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The New York City-based  company is expected to report a
131.8% increase in revenue to $50.752 million from $21.9 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Cipher Mining Inc is for
earnings of 1 cent per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 7.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Cipher
Mining Inc
is $5.00​, above​ its last closing price of $3.93. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.05       -0.04      0.05      Beat    220
 Jan. 1 2023   -0.05       -0.05      -0.07     Missed  -53.1
 Jun. 30 2023  -0.02       -0.03      -0.05     Missed  -92.3​
 Mar. 31 2023  -0.01       -0.02      -0.03     Missed  -71.4
 ​​Dec.        -0.06       -0.06      -0.21     Missed  -223.1
 31 2022                                                
 Sep. 30 2022  -0.07       -0.07      0.24      Beat    442.9​
 This summary was machine generated May 3 at 13:21 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)