HIVE Digital Technologies .(US:HIVE) ZACKS·2024-08-02 15:01Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for HIVE Digital Technologies, driven by higher revenues, but actual results compared to estimates will significantly influence the stock price [1][2]. Earnings Expectations - HIVE Digital Technologies is expected to report a quarterly loss of $0.08 per share, reflecting a year-over-year improvement of +55.6% [3]. - Projected revenues for the quarter are $31.85 million, which represents a 35.1% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 17.65% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for HIVE is the same as the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from consensus estimates, with positive readings being more predictive of earnings beats [6][7]. - HIVE's current Zacks Rank is 2, which indicates a "Buy" rating, but the combination with a 0% Earnings ESP makes it challenging to predict an earnings beat [10][11]. Historical Performance - In the last reported quarter, HIVE Digital Technologies was expected to post a loss of $0.13 per share but actually reported a loss of $0.03, resulting in a surprise of +76.92% [12]. - Over the past four quarters, the company has exceeded consensus EPS estimates twice [13]. Industry Context - In the Zacks Financial - Miscellaneous Services industry, Oportun Financial Corporation is expected to report a loss of $0.18 per share, indicating a year-over-year change of -400% [17]. - Oportun's revenue is projected to be $246.12 million, down 7.7% from the previous year, with a recent EPS estimate revision of 66.7% upward [18].