It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, the shares are expected to outperform the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for CleanSpark: favorable. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While CleanSpark has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.ĬleanSpark shares have lost about 48.1% since the beginning of the year versus the S&P 500's decline of -13.1%. The company has topped consensus revenue estimates two times over the last four quarters. This compares to year-ago revenues of $11.92 million. Over the last four quarters, the company has surpassed consensus EPS estimates two times.ĬleanSpark, which belongs to the Zacks Technology Services industry, posted revenues of $31.03 million for the quarter ended June 2022, missing the Zacks Consensus Estimate by 13.33%. A quarter ago, it was expected that this company would post earnings of $0.30 per share when it actually produced earnings of $0.05, delivering a surprise of -83.33%. This quarterly report represents an earnings surprise of -700%. These figures are adjusted for non-recurring items. This compares to loss of $0.49 per share a year ago.
#Cleanspark revenue free#
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself.CleanSpark ( CLSK Quick Quote CLSK - Free Report) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of $0.02. Simply Wall St has no position in any stocks mentioned.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. We don't want to rain on the parade too much, but we did also find 5 warning signs for CleanSpark (3 are significant!) that you need to be mindful of. The company's shares are down 11% from a week ago.
#Cleanspark revenue software#
Performance of the American Software industry. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Looking ahead, revenue is forecast to grow 53% p.a. Earnings per share (EPS) also missed analyst estimates by 149%. Revenue missed analyst estimates by 5.6%. CleanSpark Revenues and Earnings Miss Expectations
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