Insights into Bitfarms's Upcoming Earnings

Bitfarms BITF is gearing up to announce its quarterly earnings on Wednesday, 2024-11-13. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Bitfarms will report an earnings per share (EPS) of $-0.09.

Bitfarms bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

Last quarter the company beat EPS by $0.03, which was followed by a 1.3% drop in the share price the next day.

Here's a look at Bitfarms's past performance and the resulting price change:

To track all earnings releases for Bitfarms visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.