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

• Cipher Mining Inc CIFR.OQ reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of ten analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -12 cents to 1 cents per share.

• Revenue rose 1.7% to $48.96 million from a year ago; analysts expected $54.05 million.

• Cipher Mining Inc's reported EPS for the quarter was a loss of 11 cents​.

• The company reported a quarterly loss of $38.98 million.

• Cipher Mining Inc shares had risen by 29.6% this quarter and lost 35.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 104.4% 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 10 "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 Cipher Mining Inc is $7.65

This summary was machine generated from LSEG data May 6 at 01:32 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)