* Riot Platforms Inc reported quarterly adjusted earnings of 81 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -33 cents. The mean expectation of ten analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -31 cents to 30 cents per share.
* Revenue rose 8.3% to $79.30 million from a year ago; analysts expected $95.74 million.
* Riot Platforms Inc's reported EPS for the quarter was 81 cents.
* The company reported quarterly net income of $211.78 million.
* Riot Platforms Inc shares had fallen by 17.4% this quarter and lost 34.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 38.5% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the blockchain & cryptocurrency peer group is also "buy"
Wall Street's median 12-month price target for Riot Platforms Inc is $20.00 This summary was machine generated from LSEG data May 1 at 02:18 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 -0.14 0.81 Beat
Dec. 31 2023 -0.28 0.45 Beat
Sep. 30 2023 -0.20 -0.25 Missed
Jun. 30 2023 -0.21 -0.17 Beat
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