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.
Cipher Mining Inc. (CIFR) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
In the latest close session, Cipher Mining Inc. (CIFR - Free Report) was down 3.39% at $17.52. The stock trailed the S&P 500, which registered a daily gain of 0.26%. On the other hand, the Dow registered a gain of 0.6%, and the technology-centric Nasdaq increased by 0.25%.
Shares of the company have appreciated by 25.99% over the course of the past month, outperforming the Business Services sector's loss of 2.23%, and the S&P 500's gain of 1.57%.
Market participants will be closely following the financial results of Cipher Mining Inc. in its upcoming release. In that report, analysts expect Cipher Mining Inc. to post earnings of -$0.12 per share. This would mark a year-over-year decline of 300%. In the meantime, our current consensus estimate forecasts the revenue to be $79.59 million, indicating a 88.5% growth compared to the corresponding quarter of the prior year.
CIFR's full-year Zacks Consensus Estimates are calling for earnings of -$0.36 per share and revenue of $243.54 million. These results would represent year-over-year changes of -157.14% and 0%, respectively.
It is also important to note the recent changes to analyst estimates for Cipher Mining Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Cipher Mining Inc. possesses a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 157, this industry ranks in the bottom 36% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cipher Mining Inc. (CIFR) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest close session, Cipher Mining Inc. (CIFR - Free Report) was down 3.39% at $17.52. The stock trailed the S&P 500, which registered a daily gain of 0.26%. On the other hand, the Dow registered a gain of 0.6%, and the technology-centric Nasdaq increased by 0.25%.
Shares of the company have appreciated by 25.99% over the course of the past month, outperforming the Business Services sector's loss of 2.23%, and the S&P 500's gain of 1.57%.
Market participants will be closely following the financial results of Cipher Mining Inc. in its upcoming release. In that report, analysts expect Cipher Mining Inc. to post earnings of -$0.12 per share. This would mark a year-over-year decline of 300%. In the meantime, our current consensus estimate forecasts the revenue to be $79.59 million, indicating a 88.5% growth compared to the corresponding quarter of the prior year.
CIFR's full-year Zacks Consensus Estimates are calling for earnings of -$0.36 per share and revenue of $243.54 million. These results would represent year-over-year changes of -157.14% and 0%, respectively.
It is also important to note the recent changes to analyst estimates for Cipher Mining Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Cipher Mining Inc. possesses a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 157, this industry ranks in the bottom 36% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.