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

Stronghold Digital Mining

10/08/2023 15:55

* Stronghold Digital Mining Inc  SDIG.OQ  reported a
quarterly
adjusted loss of $1.35​​ per share for the quarter ended in
June. The mean expectation of three analysts for the quarter was
for a loss of $2.59 per share.
    * Revenue fell 37.5% to $18.23 million from a year ago;
analysts
expected $20.56 million. 
    * Stronghold Digital Mining Inc's reported EPS for the
quarter was
a loss of $1.35​.
    * The mean earnings estimate of analysts had fallen by
about 265.5% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Stronghold Digital Mining Inc shares had risen by 74.4%
this
quarter and gained 52.2% so far this year.
    * The company reported a quarterly loss of $8.34 million.
    * Wall Street's median 12-month price target for Stronghold
Digital Mining Inc is $20.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 02:55 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -2.59          -1.35          Beat
 Mar. 31 2023      -1.43          -6.50          Missed
 Dec. 31 2022      -3.57          -7.40          Missed
 Sep. 30 2022      -3.27          -8.50          Missed