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CleanSpark (CLSK) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest close session, CleanSpark (CLSK - Free Report) was down 6.78% at $7.15. This change lagged the S&P 500's daily loss of 0.51%. Elsewhere, the Dow gained 0.41%, while the tech-heavy Nasdaq lost 1.07%.
The company's shares have seen a decrease of 39.8% over the last month, not keeping up with the Finance sector's gain of 0.87% and the S&P 500's loss of 0.87%.
The investment community will be closely monitoring the performance of CleanSpark in its forthcoming earnings report. The company is expected to report EPS of -$0.36, down 3500% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $120.43 million, reflecting a 46.15% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$4.14 per share and a revenue of $584.07 million, indicating changes of -683.1% and -23.78%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for CleanSpark. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. CleanSpark currently has a Zacks Rank of #4 (Sell).
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 163, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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CleanSpark (CLSK) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, CleanSpark (CLSK - Free Report) was down 6.78% at $7.15. This change lagged the S&P 500's daily loss of 0.51%. Elsewhere, the Dow gained 0.41%, while the tech-heavy Nasdaq lost 1.07%.
The company's shares have seen a decrease of 39.8% over the last month, not keeping up with the Finance sector's gain of 0.87% and the S&P 500's loss of 0.87%.
The investment community will be closely monitoring the performance of CleanSpark in its forthcoming earnings report. The company is expected to report EPS of -$0.36, down 3500% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $120.43 million, reflecting a 46.15% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$4.14 per share and a revenue of $584.07 million, indicating changes of -683.1% and -23.78%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for CleanSpark. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. CleanSpark currently has a Zacks Rank of #4 (Sell).
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 163, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.