Canaan Inc reports results for the quarter ended December 31 - Earnings Summary

Canaan Inc reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -55 cents. The mean expectation of four analysts for the quarter was for a loss of 9 cents per share. Wall Street expected results to range from -13 cents to -1 cents per share.Revenue rose 80.9% to $88.77 million from a year ago; analysts expected $85.89 million. Canaan Inc's reported EPS for the quarter was a loss of 2 cents​.The company reported a quarterly loss of $92.9 million.Canaan Inc shares had fallen by 47.3% this quarter.FORECAST CHANGESThe mean earnings estimate of analysts had fallen by about 17.4% 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 5 "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 Canaan Inc is $3.00 This summary was machine generated from LSEG data March 26 at 01:30 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 -0.09-0.02BeatSep. 30 2024 -0.05-0.27MissedJun. 30 2024 -0.02-0.01Beat