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

• CleanSpark Inc CLSK.OQ reported quarterly adjusted earnings of 77 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -20 cents. The mean expectation of ten analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from -2 cents to 80 cents per share.

• Revenue rose 90.8% to $198.64 million from a year ago; analysts expected $193.75 million.

• CleanSpark Inc's reported EPS for the quarter was 78 cents​.

• The company reported quarterly net income of $251.79 million.

• CleanSpark Inc shares had fallen by 0.3% this quarter and gained 19.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 311.2% 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," 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 CleanSpark Inc is $20.13, about 46.7% above its last closing price of $10.72

This summary was machine generated from LSEG data August 8 at 04:09 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)