Canaan(US:CAN) ZACKS·2025-08-14 13:16Core Viewpoint - Canaan reported a quarterly loss of $0.03 per share, outperforming the Zacks Consensus Estimate of a loss of $0.13, and showing improvement from a loss of $0.15 per share a year ago, indicating a significant earnings surprise of +76.92% [1] Financial Performance - Canaan's revenues for the quarter ended June 2025 were $100.21 million, exceeding the Zacks Consensus Estimate by 1.89%, and up from $71.86 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus revenue estimates three times [2] Stock Performance - Canaan shares have declined approximately 60.2% since the beginning of the year, contrasting with a 10% gain in the S&P 500 [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.06 on revenues of $135.57 million, and for the current fiscal year, it is -$0.43 on revenues of $486.13 million [7] - The trend of estimate revisions for Canaan was unfavorable prior to the earnings release, which may impact future stock movements [5][6] Industry Context - The Financial - Miscellaneous Services industry, to which Canaan belongs, is currently ranked in the top 20% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - HIVE Digital Technologies, another company in the same industry, is expected to report a quarterly loss of $0.08 per share, with revenues projected to be $45.36 million, reflecting a 40.7% increase from the previous year [9]