We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CleanSpark (CLSK) Stock Declines While Market Improves: Some Information for Investors
Read MoreHide Full Article
CleanSpark (CLSK - Free Report) ended the recent trading session at $11.20, demonstrating a -2.44% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.79%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 1.38%.
The company's shares have seen an increase of 12.33% over the last month, surpassing the Finance sector's gain of 4.09% and the S&P 500's gain of 0.87%.
The investment community will be paying close attention to the earnings performance of CleanSpark in its upcoming release. The company's upcoming EPS is projected at -$0.07, signifying steadiness compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $197.93 million, indicating a 21.94% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.26 per share and revenue of $858.9 million, which would represent changes of -63.38% and +12.08%, respectively, from the prior year.
Any recent changes to analyst estimates for CleanSpark should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 66.84% decrease. CleanSpark is currently sporting a Zacks Rank of #4 (Sell).
Digging into valuation, CleanSpark currently has a Forward P/E ratio of 44.84. This signifies a premium in comparison to the average Forward P/E of 12.24 for its industry.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 78, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CLSK in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CleanSpark (CLSK) Stock Declines While Market Improves: Some Information for Investors
CleanSpark (CLSK - Free Report) ended the recent trading session at $11.20, demonstrating a -2.44% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.79%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 1.38%.
The company's shares have seen an increase of 12.33% over the last month, surpassing the Finance sector's gain of 4.09% and the S&P 500's gain of 0.87%.
The investment community will be paying close attention to the earnings performance of CleanSpark in its upcoming release. The company's upcoming EPS is projected at -$0.07, signifying steadiness compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $197.93 million, indicating a 21.94% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.26 per share and revenue of $858.9 million, which would represent changes of -63.38% and +12.08%, respectively, from the prior year.
Any recent changes to analyst estimates for CleanSpark should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 66.84% decrease. CleanSpark is currently sporting a Zacks Rank of #4 (Sell).
Digging into valuation, CleanSpark currently has a Forward P/E ratio of 44.84. This signifies a premium in comparison to the average Forward P/E of 12.24 for its industry.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 78, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CLSK in the coming trading sessions, be sure to utilize Zacks.com.