Cipher Mining (CIFR) Scheduled to Post Earnings on Tuesday

Cipher Mining (NASDAQ:CIFR) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 7th. Individual interested in registering for the company’s earnings conference call can do so using this link.

Cipher Mining (NASDAQ:CIFR) last released its earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. Cipher Mining had a negative return on equity of 6.78% and a negative net margin of 20.32%. The firm had revenue of $43.42 million during the quarter, compared to the consensus estimate of $35.73 million. On average, analysts expect Cipher Mining to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cipher Mining Trading Down 10.2 %

Shares of NASDAQ CIFR opened at $4.04 on Tuesday. Cipher Mining has a 52 week low of $1.76 and a 52 week high of $5.75. The stock’s fifty day moving average is $3.94 and its 200 day moving average is $3.46. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.60 and a current ratio of 4.60.

Wall Street Analysts Forecast Growth

CIFR has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $5.00 price objective on shares of Cipher Mining in a research report on Monday, April 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price objective on shares of Cipher Mining in a report on Thursday, March 28th. Canaccord Genuity Group reiterated a “buy” rating and set a $5.50 target price on shares of Cipher Mining in a research report on Thursday, March 28th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $4.50 price target on shares of Cipher Mining in a research note on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Cipher Mining currently has an average rating of “Moderate Buy” and an average target price of $5.25.

About Cipher Mining

Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.