Company Performance - Bitfarms Ltd. closed at $5.01, reflecting a -5.11% change from the previous day, underperforming compared to the S&P 500's 0.53% gain [1] - Over the past month, Bitfarms shares have increased by 65%, while the Business Services sector has decreased by 4.93% [1] Upcoming Earnings - The company is expected to report an EPS of -$0.02, which is a 77.78% improvement from the same quarter last year [2] - Quarterly revenue is projected to be $84.47 million, representing an 88.34% increase from the previous year [2] Full Year Projections - For the full year, earnings are estimated at -$0.13 per share and revenue at $321.13 million, indicating increases of +7.14% and +66.49% respectively from the prior year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Bitfarms Ltd. are important as they reflect changes in short-term business dynamics, with positive revisions indicating confidence in performance [4] - The Zacks Rank system, which incorporates estimate changes, provides actionable ratings based on these forecasts [5] Zacks Rank and Industry Performance - Bitfarms Ltd. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [6] - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 49, placing it in the top 20% of over 250 industries [7]
Bitfarms Ltd. (BITF) Stock Sinks As Market Gains: What You Should Know