Hive Digital Technologies Ltd Reports Results For The Quarter Ended In June: Earnings Summary

HIVE Digital Technologies

13/08/2024 22:21

* HIVE Digital Technologies Ltd  HIVE.V  reported quarterly
adjusted earnings of 3 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of -19 cents.  The mean expectation of
two analysts for the quarter was for earnings of 2 cents per
share. Wall Street expected results to range from -9 cents to 13
cents per share.
    * Revenue rose 36.8% to $32.24 million from a year ago;
analysts
expected $27.27 million. 
    * HIVE Digital Technologies Ltd's reported EPS for the
quarter was
3 cents​.
    * The company reported quarterly net income of $3.26
million.
    * HIVE Digital Technologies Ltd shares had fallen by 9.7%
this
quarter and lost 35.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 108%
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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the blockchain &
cryptocurrency peer group is  "hold."

Wall Street's median 12-month price target for HIVE Digital
Technologies Ltd is C$7.25 
This summary was machine generated from LSEG data August 13 at
09:21 p.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
 Jun. 30 2024      0.02           0.03           Beat
 Mar. 31 2024      -0.14          -0.01          Beat
 Dec. 31 2023      -0.23          -0.02          Beat
 Sep. 30 2023      -0.19          -0.29          Missed