Riot Platforms Inc reports results for the quarter ended June 30 - Earnings Summary

• Riot Platforms Inc RIOT.OQ reported quarterly adjusted earnings of 92 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -41 cents. The mean expectation of twelve analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from -50 cents to $1.20 per share.

• Revenue rose 120.6% to $154.47 million from a year ago; analysts expected $153.68 million.

• Riot Platforms Inc's reported EPS for the quarter was 57 cents​.

• The company reported quarterly net income of $219.45 million.

• Riot Platforms Inc shares had risen by 19.6% this quarter and gained 32.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 247.3% 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 14 "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 Riot Platforms Inc is $16.75, about 19.9% above its last closing price of $13.41

This summary was machine generated from LSEG data July 31 at 10:40 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)