Cipher Mining (US:CIFR) ZACKSยท2024-07-11 23:22Company Performance - Cipher Mining Inc. is projected to report an EPS of -$0.03, reflecting a 40% increase compared to the same quarter of the previous year [1] - The revenue estimate for Cipher Mining Inc. is $38.85 million, indicating a 24.44% increase compared to the same quarter of the previous year [1] - For the full year, earnings are projected at $0 per share and revenue at $150.64 million, showing changes of +100% and +18.76% respectively from the previous year [3] Stock Performance - Cipher Mining Inc. closed at $4.36, with a -1.58% change from the previous day's closing price, underperforming the S&P 500's daily loss of 0.88% [2] - The stock has decreased by 3.06% over the past month, contrasting with the Business Services sector's gain of 0.29% and the S&P 500's gain of 5.11% [8] Analyst Insights - Recent changes to analyst estimates for Cipher Mining Inc. reflect shifting business dynamics, with positive revisions indicating analyst optimism about the company's profitability [3] - Cipher Mining Inc. currently holds a Zacks Rank of 3 (Hold), which suggests a neutral outlook based on historical performance metrics [4] Industry Context - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 92, placing it in the top 37% of over 250 industries [9]