Bitfarms Ltd BITF.TO is expected to show a rise in quarterly revenue when it reports results on March 5 (estimated) for the period ending December 31 2024
The Toronto Ontario-based company is expected to report a 19.1% increase in revenue to $55.069 million from $46.24 million a year ago, according to the mean estimate from 6 analysts, based on LSEG data.
LSEG's mean analyst estimate for Bitfarms Ltd is for a loss of 4 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 Bitfarms Ltd is $4.22, above its last closing price of $1.16.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | -0.11 | -0.10 | -0.08 | Beat | 16.7 |
Jun. 30 2024 | -0.11 | -0.11 | -0.07 | Beat | 35.2 |
Mar. 31 2024 | -0.02 | -0.02 | -0.02 | Met | 20 |
Dec. 31 2023 | -0.03 | -0.03 | -0.19 | Missed | -605.5 |
Sep. 30 2023 | -0.05 | -0.04 | -0.07 | Missed | -51.1 |
Jun. 30 2023 | -0.05 | -0.05 | -0.06 | Missed | -9.1 |
-0.01 |
This summary was machine generated March 3 at 13:50 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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