HIVE Digital Technologies (HIVE) Reports Q3 Loss, Tops Revenue Estimates

Company Performance - HIVE Digital Technologies reported a quarterly loss of $0.06 per share, better than the Zacks Consensus Estimate of a loss of $0.11, and compared to a loss of $0.08 per share a year ago, indicating an earnings surprise of 45.45% [1] - The company posted revenues of $29.23 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 10.32%, although this represents a decline from year-ago revenues of $31.25 million [2] - Over the last four quarters, HIVE has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Market Outlook - HIVE Digital Technologies shares have underperformed the market, losing about 0.7% since the beginning of the year, while the S&P 500 has gained 3.1% [3] - The current consensus EPS estimate for the coming quarter is -$0.07 on revenues of $31.94 million, and for the current fiscal year, it is -$0.23 on revenues of $113.33 million [7] Industry Context - The Financial - Miscellaneous Services industry, to which HIVE belongs, is currently in the top 28% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact HIVE's stock performance [5]