Is Trending Stock Cleanspark, Inc. (CLSK) a Buy Now?

Core Insights - CleanSpark (CLSK) has seen a stock return of -6.2% over the past month, underperforming the Zacks S&P 500 composite's -4.7% and the Zacks Financial - Miscellaneous Services industry's -8% [1] Earnings Estimates - CleanSpark is expected to post earnings of $0.02 per share for the current quarter, reflecting a year-over-year decline of -84.6%, with a consensus estimate change of -62.1% over the last 30 days [4] - The consensus earnings estimate for the current fiscal year is $0.98, indicating a year-over-year increase of +476.9%, but has changed -75.3% in the last month [4] - For the next fiscal year, the consensus estimate is $0.44, representing a decrease of -55.1% from the previous year, with a recent change of -50% [5] Revenue Growth Forecast - The consensus sales estimate for CleanSpark is $191.98 million for the current quarter, showing a year-over-year increase of +71.7% [9] - For the current fiscal year, the sales estimate is $810.72 million, indicating a change of +113.9%, while the next fiscal year's estimate is $1.04 billion, reflecting a +27.7% change [9] Last Reported Results - CleanSpark reported revenues of $162.31 million in the last quarter, a year-over-year increase of +120%, with an EPS of -$0.07 compared to -$0.02 a year ago [10] - The reported revenues exceeded the Zacks Consensus Estimate of $152.71 million by +6.28%, and the EPS surprise was +12.5% [10] - Over the last four quarters, CleanSpark has surpassed consensus EPS estimates twice and revenue estimates twice [11] Valuation - CleanSpark is graded F in the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [15] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued, fairly valued, or undervalued [13][14] Conclusion - CleanSpark's Zacks Rank 3 suggests it may perform in line with the broader market in the near term, despite the market buzz surrounding the stock [16]