Digihost Technology Q4 EPS $(0.34) Misses $(0.04) Estimate, Sales $10.78M Beat $9.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Digihost Technology (NASDAQ:DGHI) reported Q4 earnings with a loss of $(0.34) per share, missing the $(0.04) estimate by 750%, but saw a 5.56% improvement from last year. Sales reached $10.78M, beating the $9.20M estimate by 17.18%, and marking an 89.74% increase from the previous year.
April 04, 2024 | 3:25 am
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NEUTRAL IMPACT
Digihost Technology reported a significant miss on EPS but exceeded sales estimates in Q4, showing both a challenge in profitability and a strong revenue growth.
The significant miss on EPS could concern investors about profitability, potentially putting downward pressure on the stock. However, the strong sales growth, beating estimates and showing a significant year-over-year increase, could signal underlying business strength, balancing the stock's short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100