Canaan Inc CAN.OQ CAN.O is expected to show a rise in quarterly revenue when it reports results on February 25 (estimated) for the period ending December 31 2024
The Beijing-based company is expected to report a 63.4% increase in revenue to $80.172 million from $49.07 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.
LSEG's mean analyst estimate for Canaan Inc is for a loss of 8 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Canaan Inc is $3.50, above its last closing price of $1.79.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | -0.05 | -0.05 | -0.27 | Missed | -440 |
Jun. 30 2024 | -0.02 | -0.02 | -0.01 | Beat | 50 |
| |||||
Dec. 31 2023 | -0.19 | -0.19 | -0.55 | Missed | -189.5 |
Sep. 30 2023 | -0.28 | -0.28 | -0.47 | Missed | -67.9 |
Jun. 30 2023 | -0.13 | -0.26 | Missed | -98 | |
Mar. 31 2023 | -0.23 | -0.23 | -0.43 | Missed | -89.8 |
Dec. 31 2022 | -0.14 | -0.15 | -0.29 | Missed | -87.1 |
This summary was machine generated February 21 at 14:19 GMT. 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)
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