Riot Platforms Inc reports results for the quarter ended March 31 - Earnings Summary

• Riot Platforms Inc RIOT.OQ reported a quarterly adjusted loss of 90 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of twelve analysts for the quarter was for a loss of 12 cents per share. Wall Street expected results to range from -58 cents to $1.06 per share.

• Revenue rose 103.5% to $161.39 million from a year ago; analysts expected $158.28 million.

• Riot Platforms Inc's reported EPS for the quarter was a loss of 90 cents​.

• The company reported a quarterly loss of $296.37 million.

• Riot Platforms Inc shares had risen by 1.7% this quarter and lost 29.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 301.6% 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 15 "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 Riot Platforms Inc is $16.00

This summary was machine generated from LSEG data May 2 at 05:20 a.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)