Cipher Mining Inc reports results for the quarter ended in September 30 - Earnings Summary

Cipher Digital

01/11/2024 03:45

* Cipher Mining Inc  CIFR.OQ  reported a quarterly adjusted
loss
of 26 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -7 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 8 cents per share. Wall Street
expected results to range from -12 cents to -5 cents per share.
    * Revenue fell 20.5% to $24.10 million from a year ago;
analysts
expected $29.22 million. 
    * Cipher Mining Inc's reported EPS for the quarter was a
loss
of 26 cents​.
    * The company reported a quarterly loss of $86.75 million.
    * Cipher Mining Inc shares had risen by 36.4% this
quarter and
gained 27.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 84.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 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 7.25 
This summary was machine generated from LSEG data November 1 at
03:44 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
 Sep. 30 2024      -0.08          -0.26          Missed
 Jun. 30 2024      -0.05          -0.05          Met
 Mar. 31 2024      0.01           0.13           Beat
 Dec. 31 2023      -0.04          0.05           Beat