CleanSpark (CLSK) Projected to Post Quarterly Earnings on Thursday

CleanSpark (NASDAQ:CLSK) is expected to be releasing its earnings data after the market closes on Thursday, February 6th. Analysts expect CleanSpark to post earnings of ($0.11) per share and revenue of $125.54 million for the quarter.

CleanSpark (NASDAQ:CLSK) last posted its quarterly earnings data on Monday, December 2nd. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). CleanSpark had a negative return on equity of 2.36% and a negative net margin of 38.47%. On average, analysts expect CleanSpark to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CleanSpark Stock Up 2.1 %

Shares of NASDAQ CLSK opened at $10.26 on Thursday. The business’s 50 day moving average is $11.73 and its two-hundred day moving average is $11.92. CleanSpark has a 52-week low of $7.64 and a 52-week high of $24.72. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of -17.69 and a beta of 4.26.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CLSK. HC Wainwright reiterated a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $23.00 price target on shares of CleanSpark in a research note on Thursday, October 3rd. JPMorgan Chase & Co. raised shares of CleanSpark from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $10.50 to $17.00 in a research note on Tuesday, December 10th. Macquarie upped their target price on shares of CleanSpark from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Keefe, Bruyette & Woods started coverage on shares of CleanSpark in a report on Monday. They set an “outperform” rating and a $19.00 target price on the stock. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CleanSpark has a consensus rating of “Buy” and a consensus price target of $22.57.

CleanSpark Company Profile

CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.