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

Stronghold Digital Mining

11/05/2023 18:16

* Stronghold Digital Mining Inc  SDIG.OQ  reported a
quarterly
adjusted loss of 65 cents​​ per share for the quarter ended in
March. The mean expectation of three analysts for the quarter
was for a loss of 14 cents per share.
    * Revenue fell 39.8% to $17.27 million from a year ago;
analysts
expected $18.14 million. 
    * Stronghold Digital Mining Inc's reported EPS for the
quarter was
a loss of 65 cents​.
    * The mean earnings estimate of analysts had risen by
about 2.8%
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 53.8%
this
quarter and gained 99.0% so far this year.
    * The company reported a quarterly loss of $28.54 million.
    * Wall Street's median 12-month price target for Stronghold
Digital Mining Inc is $2.00 
    * 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 May
11 at 05:16 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.14          -0.65          Missed
 Dec. 31 2022      -0.36          -0.74          Missed
 Sep. 30 2022      -0.33          -0.85          Missed
 Jun. 30 2022      -0.21          -0.14          Beat