Earnings Preview For Cleanspark
Portfolio Pulse from Benzinga Insights
Cleanspark (NASDAQ:CLSK) is scheduled to release its quarterly earnings report on February 8, 2024, with an estimated EPS of $-0.24. Despite missing the EPS estimate last quarter by $0.44, the stock price increased by 22.44% the following day. Historically, Cleanspark's earnings performance has shown mixed results, with significant price changes following the announcements. Shares are currently trading at $8.7, up 178.24% over the last 52 weeks, indicating a positive outlook from long-term shareholders.
February 07, 2024 | 7:01 pm
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Cleanspark is expected to report an EPS of $-0.24 for the upcoming quarter. Historical data shows mixed earnings performance but a generally positive stock price reaction. Shares have significantly appreciated over the past year.
Given Cleanspark's historical performance where the stock price increased despite missing EPS estimates, and considering the significant year-over-year stock appreciation, there is a positive sentiment among investors. The anticipation of the earnings report and the potential for positive guidance could further drive short-term stock price movements.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100