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

Stronghold Digital Mining

02/05/2024 18:36

* Stronghold Digital Mining Inc  SDIG.OQ  reported quarterly
adjusted earnings of 35 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of $-6.50.  The mean expectation of
three analysts for the quarter was for a loss of 22 cents per
share. Wall Street expected results to range from -37 cents
to -3 cents per share.
    * Revenue rose 59.4% to $27.52 million from a year ago;
analysts
expected $29.01 million. 
    * Stronghold Digital Mining Inc's reported EPS for the
quarter was
35 cents​.
    * The company reported quarterly net income of $4.92
million.
    * Stronghold Digital Mining Inc shares had fallen by 25.5%
this
quarter and lost 57.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 148.1% 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 2 "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 Stronghold
Digital Mining Inc is $7.00 
This summary was machine generated from LSEG data May 2 at 05:36
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
 Mar. 31 2024      -0.22          0.35           Beat
 Dec. 31 2023      -0.98          0.34           Beat
 Sep. 30 2023      -0.95          -1.55          Missed
 Jun. 30 2023      -2.59          -1.35          Beat