Stronghold Digital Mining Inc reports results for the quarter - Earnings Summary

Stronghold Digital Mining

13/11/2024 15:24

* Stronghold Digital Mining Inc  SDIG.OQ  reported a
quarterly
adjusted loss of $1.30​​ per share for the quarter , higher than
the same quarter last year, when the company reported EPS of
$-1.55.  The mean expectation of three analysts for the quarter
was for a loss of 62 cents per share. Wall Street expected
results to range from -73 cents to -51 cents per share.
    * Revenue fell 37% to $11.17 million from a year ago;
analysts
expected $16.15 million. 
    * Stronghold Digital Mining Inc's reported EPS for the
quarter was
a loss of $1.34​.
    * The company reported a quarterly loss of $19.49 million.
    * Stronghold Digital Mining Inc shares had risen by 30.1%
this
quarter and lost 10.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"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 Stronghold
Digital Mining Inc is 6.00 
This summary was machine generated from LSEG data November 13 at
03:23 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
 Sep. 30 2024      -0.62          -1.30          Missed
 Jun. 30 2024      -0.41          -1.26          Missed
 Mar. 31 2024      -0.22          0.35           Beat
 Dec. 31 2023      -0.98          0.34           Beat