Stronghold Digital Mining Inc reports results for the quarter - Earnings Summary

• Stronghold Digital Mining Inc SDIG.OQ reported a quarterly adjusted loss of $1.30​​ per share for the quarter , higher than the same quarter last year, when the company reported EPS of $-1.55. The mean expectation of three analysts for the quarter was for a loss of 62 cents per share. Wall Street expected results to range from -73 cents to -51 cents per share.

• Revenue fell 37% to $11.17 million from a year ago; analysts expected $16.15 million.

• Stronghold Digital Mining Inc's reported EPS for the quarter was a loss of $1.34​.

• The company reported a quarterly loss of $19.49 million.

• Stronghold Digital Mining Inc shares had risen by 30.1% this quarter and lost 10.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "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 Stronghold Digital Mining Inc is 6.00

This summary was machine generated from LSEG data November 13 at 03:23 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)