Can CleanSpark (CLSK) Run Higher on Rising Earnings Estimates?

Core Viewpoint - CleanSpark (CLSK) shows potential as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][2] Estimate Revisions - Analysts exhibit growing optimism regarding CleanSpark's earnings prospects, as reflected in the upward trend of estimate revisions, which correlates with stock price movements [2] - The earnings estimate for the current quarter is $0.09 per share, a decrease of 30.77% from the previous year, but the Zacks Consensus Estimate has increased by 100% over the last 30 days with no negative revisions [4] - For the full year, CleanSpark is expected to earn$ 0.58 per share, representing a year-over-year increase of 323.08%, with the consensus estimate rising by 63.89% due to positive revisions [5] Zacks Rank - CleanSpark currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions and a strong potential for outperformance compared to the S&P 500 [6] - Historically, Zacks 1 (Strong Buy) and 2 (Buy) ranked stocks have significantly outperformed the S&P 500, with Zacks 1 stocks averaging a 25% annual return since 2008 [3][6] Stock Performance - CleanSpark shares have increased by 12.3% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [7]