Cipher Mining (US:CIFR) ZACKSยท2025-02-25 14:35Company Performance - Cipher Mining Inc. reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of a loss of $0.10 per share, and showing an increase from earnings of $0.05 per share a year ago, representing an earnings surprise of 160% [1] - The company posted revenues of $42.22 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 7.77%, although this is a decrease from year-ago revenues of $43.42 million [2] - Over the last four quarters, Cipher Mining has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Outlook - The stock has gained approximately 7% since the beginning of the year, outperforming the S&P 500's gain of 1.7% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.07 on revenues of $46.04 million, and for the current fiscal year, it is -$0.20 on revenues of $284.7 million [7] - The estimate revisions trend for Cipher Mining is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Technology Services industry, to which Cipher Mining belongs, is currently in the top 31% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]