WhiteFiber Inc reports results for the quarter ended September 30 - Earnings Summary

• WhiteFiber Inc reported a quarterly adjusted loss of 50 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -12 cents. The mean expectation of ten analysts for the quarter was for a loss of 40 cents per share. Wall Street expected results to range from -72 cents to -20 cents per share.

• Revenue rose 19% to $24.02 million from a year ago; analysts expected $29.76 million.

• WhiteFiber Inc's reported EPS for the quarter was a loss of $2.44​.

• The company reported a quarterly loss of $101.44 million.

• WhiteFiber Inc shares had fallen by 46.9% this quarter and lost 39.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 147.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for WhiteFiber Inc is $39.00, about 75.5% above its last closing price of $9.57

This summary was machine generated from LSEG data November 10 at 08:31 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)