Bitfarms .(US:BITF) ZACKSยท2025-09-19 23:16Company Performance - Bitfarms Ltd. (BITF) closed at $3.12, reflecting a -2.5% change from the previous day's closing price, underperforming compared to the S&P 500's daily gain of 0.49% [1] - Over the prior period, Bitfarms shares increased by 160.16%, significantly surpassing the Business Services sector's gain of 1.84% and the S&P 500's gain of 2.99% [1] Financial Projections - The upcoming financial results for Bitfarms are anticipated to show an EPS of -$0.02, indicating a 77.78% growth compared to the same quarter last year [2] - Revenue is projected to be $84.47 million, reflecting an 88.34% increase from the equivalent quarter last year [2] - Full-year estimates suggest earnings of -$0.13 per share and revenue of $321.13 million, representing year-over-year changes of +7.14% and +66.49%, respectively [3] Analyst Insights - Recent revisions to analyst forecasts for Bitfarms are important as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [4] - Empirical research shows a direct correlation between estimate revisions and stock price performance, which is utilized in the Zacks Rank model to provide actionable ratings [5] Zacks Rank and Industry Position - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988 [6] - Bitfarms currently holds a Zacks Rank of 4 (Sell) [6] - The Technology Services industry, part of the Business Services sector, ranks in the top 36% of all industries according to the Zacks Industry Rank [7]