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

• Cipher Digital Inc reported a quarterly adjusted loss of 22 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of eighteen analysts for the quarter was for a loss of 26 cents per share. Wall Street expected results to range from -46 cents to -2 cents per share.

• Revenue fell 62.8% to $26.70 million from a year ago; analysts expected $38.47 million.

• Cipher Digital Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $31.61 million.

• Cipher Digital Inc shares had fallen by 53.9% this quarter and lost 50.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 2 "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 Cipher Digital Inc is $27.50, about 73.5% above its last closing price of $7.29

This summary was machine generated from LSEG data November 2 at 03:30 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)