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Stock impact report

Why Cipher Mining Inc. (CIFR) Dipped More Than Broader Market Today [Yahoo! Finance]

Cipher Mining Inc. (CIFR) 
Company Research Source: Yahoo! Finance
The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.22%. Coming into today, shares of the company had gained 62.5% in the past month. In that same time, the Business Services sector lost 2.01%, while the S&P 500 gained 4.07%. The investment community will be paying close attention to the earnings performance of Cipher Mining Inc. in its upcoming release. In that report, analysts expect Cipher Mining Inc. to post earnings of -$0.12 per share. This would mark a year-over-year decline of 140%. Alongside, our most recent consensus estimate is anticipating revenue of $48.37 million, indicating a 31.4% upward movement from the same quarter last year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.35 per share and a revenue of $260.21 million, indicating changes of -150% and +72.01%, respectively, from the former year. Investors might also notice Show less Read more
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