A Peek at Cipher Mining's Future Earnings

Cipher Mining (NASDAQ:CIFR) will release its quarterly earnings report on Thursday, 2024-10-31. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Cipher Mining to report an earnings per share (EPS) of $-0.07.

The announcement from Cipher Mining is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.02, leading to a 6.89% drop in the share price on the subsequent day.

Here's a look at Cipher Mining's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.03

0.01

-0.04

-0.04

EPS Actual

-0.01

0.13

0.11

0.02

Price Change %

-7.000000000000001%

-0.0%

27.0%

-13.0%

Analyst Views on Cipher Mining

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Cipher Mining.

The consensus rating for Cipher Mining is Outperform, based on 9 analyst ratings. With an average one-year price target of $7.72, there's a potential 43.23% upside.

Understanding Analyst Ratings Among Peers

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