Cipher Mining Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-01

Cipher Mining (NASDAQ:CIFR) Third Quarter 2024 Results Key Financial Results Revenue: US$24.1m (down 21% from 3Q 2023). Net loss: US$86.8m (loss widened by 390% from 3Q 2023). US$0.26 loss per share ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 14%. Earnings per share  also missed analyst estimates significantly.Looking ahead, revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.The company's shares are down 9.7% from a week ago.Before you take the next step you should know about the 3 warning signs for Cipher Mining that we have uncovered.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CIFR":"Cipher Mining Inc.","CIFRW":"Cipher Mining Inc. Warrant"},"translate_title":"Cipher Mining 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CIFR":0.9,"CIFRW":0.9},"content_text":"Cipher Mining (NASDAQ:CIFR) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$24.1m (down 21% from 3Q 2023).\nNet loss: US$86.8m (loss widened by 390% from 3Q 2023).\nUS$0.26 loss per share (further deteriorated from US$0.07 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:CIFR Earnings and Revenue Growth November 1st 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nCipher Mining Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates significantly. \n Looking ahead, revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. \nPerformance of the American Software industry.\n The company's shares are down 9.7% from a week ago. \nRisk Analysis\n Before you take the next step you should know about the 3 warning signs for Cipher Mining that we have uncovered. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. 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