CleanSpark (CLSK) Reports Q2 Loss, Misses Revenue Estimates

Company Performance - CleanSpark reported a quarterly loss of $0.02 per share, which was better than the Zacks Consensus Estimate of a loss of $0.03, but a decline from earnings of $0.13 per share a year ago, representing an earnings surprise of -166.67% [1] - The company posted revenues of $181.71 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.58%, and showing an increase from year-ago revenues of $111.8 million [2] - Over the last four quarters, CleanSpark has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - CleanSpark shares have declined approximately 12.8% since the beginning of the year, compared to a decline of -4.3% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $219.54 million, and for the current fiscal year, it is $0.99 on revenues of $817.49 million [7] Industry Outlook - The Zacks Industry Rank for Financial - Miscellaneous Services, to which CleanSpark belongs, is currently in the bottom 43% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact CleanSpark's stock performance [5]