![]() There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $199.86 million, or 52.00% up from figures reported last year. The median projection represents growth squeezing down to 0.40% compared to sales growth for the corresponding quarter a year ago. These figures represent -13.30% and -2.00% growth in EPS for the two years respectively.Īnalysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $41.82 million, with a low of $40.7 million and a high of $42.6 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.33, with the EPS growth for the year raised at -$1. has a market cap of $314.18 million and is expected to release its quarterly earnings report on May 10, 2023. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.ĬleanSpark Inc. Alternatively, email editorial-team (at) a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. ![]() Have feedback on this article? Concerned about the content? Get in touch with us directly. ![]() Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on CleanSpark’s board and the CEO’s background.Valuation: What is CleanSpark worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether CleanSpark is currently mispriced by the market.We've also put together a list of key aspects you should further examine: For a more comprehensive look at CleanSpark, take a look at CleanSpark's company page on Simply Wall St. ![]() There are key fundamentals of CleanSpark which are not covered in this article, but we must stress again that this is merely a basic overview. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict. It turns out an average annual growth rate of 37% is expected, which signals high confidence from analysts. The company is therefore projected to breakeven around a year from now or less! We calculated the rate at which the company must grow to meet the consensus forecasts predicting breakeven within 12 months. They anticipate the company to incur a final loss in 2020, before generating positive profits of US$16m in 2021. Many investors are wondering about the rate at which CleanSpark will turn a profit, with the big question being “when will the company breakeven?” In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable.Ĭonsensus from 2 of the American Software analysts is that CleanSpark is on the verge of breakeven. The US$483m market-cap company posted a loss in its most recent financial year of US$23m and a latest trailing-twelve-month loss of US$16m shrinking the gap between loss and breakeven. ![]() provides energy software and control technology solutions worldwide. With the business potentially at an important milestone, we thought we'd take a closer look at CleanSpark, Inc.'s (NASDAQ:CLSK) future prospects. ![]()
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