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Why Cipher Mining Inc. (CIFR) Dipped More Than Broader Market Today
Cipher Mining Cipher Mining (US:CIFR) ZACKSยท2025-07-11 23:01

Company Performance - Cipher Mining Inc. closed at $5.87, reflecting a -5.93% change from the previous day, underperforming compared to the S&P 500's loss of 0.33% [1] - Over the past month, shares of Cipher Mining Inc. have increased by 62.5%, while the Business Services sector has decreased by 2.01% and the S&P 500 has gained 4.07% [1] Earnings Expectations - Analysts expect Cipher Mining Inc. to report earnings of -$0.12 per share, indicating a year-over-year decline of 140% [2] - The consensus estimate for revenue is $48.37 million, which represents a 31.4% increase from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.35 per share and revenue of $260.21 million, reflecting changes of -150% and +72.01% respectively from the previous year [3] - Recent changes to analyst estimates suggest optimism regarding Cipher Mining Inc.'s business and profitability [3] Analyst Ratings - The Zacks Rank system, which evaluates estimate changes, currently ranks Cipher Mining Inc. as 2 (Buy) [5] - Over the last 30 days, the Zacks Consensus EPS estimate has increased by 18.82% [5] Industry Context - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 51, placing it in the top 21% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]