CleanSpark (CLSK) Reports Q1 Loss, Tops Revenue Estimates

Group 1 - CleanSpark reported a quarterly loss of $0.07 per share, better than the Zacks Consensus Estimate of a loss of$ 0.08, and compared to a loss of $0.02 per share a year ago, indicating an earnings surprise of 12.50% [1] - The company posted revenues of$ 162.31 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.28%, and showing significant growth from year-ago revenues of $73.79 million [2] - CleanSpark shares have increased approximately 11.9% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [3] Group 2 - The earnings outlook for CleanSpark is favorable, with current consensus EPS estimates of$ 0.05 on $193.58 million in revenues for the coming quarter and$ 0.18 on $788.8 million in revenues for the current fiscal year [7] - The Zacks Industry Rank for Financial - Miscellaneous Services is in the top 27% of over 250 Zacks industries, indicating a positive outlook for the industry [8] - CleanSpark has a Zacks Rank 2 (Buy), suggesting that the shares are expected to outperform the market in the near future [6]