Cipher Mining Inc reports results for the quarter ended December 31 - Earnings Summary

• Cipher Mining Inc CIFR.OQ reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of nine analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -12 cents to 8 cents per share.

• Revenue fell 2.8% to $42.22 million from a year ago; analysts expected $42.69 million.

• Cipher Mining Inc's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $17.51 million.

• Cipher Mining Inc shares had risen by 7.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," no "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 Mining Inc is $8.25

This summary was machine generated from LSEG data February 25 at 02:31 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)