CleanSpark (CLSK) Scheduled to Post Earnings on Thursday

CleanSpark (NASDAQ:CLSK) is set to post its quarterly earnings results after the market closes on Thursday, August 8th. Analysts expect CleanSpark to post earnings of $0.04 per share for the quarter.

CleanSpark (NASDAQ:CLSK) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.07. CleanSpark had a net margin of 22.41% and a negative return on equity of 6.30%. The business had revenue of $111.80 million for the quarter, compared to the consensus estimate of $111.11 million. On average, analysts expect CleanSpark to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CleanSpark Trading Up 1.9 %

CLSK opened at $16.00 on Thursday. CleanSpark has a 1-year low of $3.38 and a 1-year high of $24.72. The firm’s 50 day simple moving average is $16.91 and its two-hundred day simple moving average is $15.98.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CLSK shares. JPMorgan Chase & Co. reduced their price objective on shares of CleanSpark from $15.00 to $12.50 and set a “neutral” rating for the company in a research note on Tuesday, June 4th. Cantor Fitzgerald increased their price objective on shares of CleanSpark from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 3rd. Chardan Capital reissued a “buy” rating and issued a $26.00 price objective on shares of CleanSpark in a research note on Monday, May 13th. Finally, HC Wainwright reissued a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a research note on Friday, June 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, CleanSpark has an average rating of “Moderate Buy” and a consensus price target of $20.13.

About CleanSpark

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.