Company Performance - Cipher Mining Inc. closed at $15.75, reflecting a +2.67% increase from the previous day, outperforming the S&P 500's loss of 0.38% [1] - The company's shares have gained 98.71% over the past month, while the Business Services sector has lost 0.66% [1] Earnings Projections - The upcoming earnings release is projected to show an EPS of -$0.08, which is a 69.23% increase from the same quarter last year [2] - Revenue is anticipated to be $75.48 million, indicating a 213.2% increase from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at -$0.36 per share, reflecting a -157.14% change from the previous year, while revenue is projected at $264.16 million, showing a +74.63% change [3] - Recent analyst estimate revisions are crucial as they reflect near-term business trends, with positive revisions indicating a favorable business outlook [3] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Cipher Mining Inc. at 4 (Sell) [5] - Over the last 30 days, the Zacks Consensus EPS estimate has decreased by 14.74% [5] - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 89, placing it in the top 37% of over 250 industries [6]
Why the Market Dipped But Cipher Mining Inc. (CIFR) Gained Today