Bitfarms Ltd reports results for the quarter ended December 31 - Earnings Summary

Bitfarms Ltd reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -19 cents. The mean expectation of six analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -5 cents to -3 cents per share.Revenue rose 21.5% to $56.16 million from a year ago; analysts expected $53.74 million. Bitfarms Ltd's reported EPS for the quarter was 3 cents​.The company reported quarterly net income of $15.17 million.Bitfarms Ltd shares had fallen by 33.7% this quarter.FORECAST CHANGESThe mean earnings estimate of analysts had fallen by about 14.3% in the last three months.​ In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.RECOMMENDATIONSThe 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 average consensus recommendation for the blockchain & cryptocurrency peer group is also "buy"Wall Street's median 12-month price target for Bitfarms Ltd is $4.00 This summary was machine generated from LSEG data March 27 at 03:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact )QUARTER ENDINGESTIMATE ACTUALBEAT, MET, MISSEDDec. 31 2024 -0.040.03BeatSep. 30 2024 -0.10-0.08BeatJun. 30 2024 -0.11-0.07BeatMar. 31 2024 -0.02-0.02Met