Cipher Mining Inc reports results for the quarter ended in December - Earnings Summary

Cipher Digital

06/03/2024 07:36

* Cipher Mining Inc  CIFR.OQ  reported quarterly adjusted
earnings
of 5 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -21 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 4 cents per share. Wall Street
expected results to range from -10 cents to -1 cents per share.
    * Revenue rose 1,329.7% to $43.42 million from a year ago;
analysts expected $41.78 million. 
    * Cipher Mining Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $11.24
million.
    * Cipher Mining Inc shares had fallen by 31.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 21.9%
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," 1
"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 Cipher Mining Inc
is $5.25 
This summary was machine generated from LSEG data March 6 at
07:35 a.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
 Dec. 31 2023      -0.04          0.05           Beat
 Sep. 30 2023      -0.05          -0.07          Missed
 Jun. 30 2023      -0.03          -0.05          Missed
 Mar. 31 2023      -0.02          -0.03          Missed