Bitfarms Shares Drop 25% Monthly, Q1 EPS Forecast Slumps 266.7%
Bitfarms shares slid 2.65% in the latest session and plunged 25.41% over the past month, underperforming both the Business Services sector’s 7.51% loss and the S&P 500’s flat return. Analysts expect Q1 EPS of -$0.05 (down 266.7% year-over-year) on revenue of $64.38 million (up 14.6%).
1. Recent Share Performance
Bitfarms shares fell 2.65% on the most recent trading day and have lost 25.41% over the last month, significantly underperforming the Business Services sector’s 7.51% drop and the S&P 500’s flat performance.
2. Q1 Earnings Estimates
Analysts project Q1 EPS of -$0.05, marking a 266.67% year-over-year decline, while revenue is forecast at $64.38 million, a 14.63% increase from the prior-year quarter.
3. Full-Year Outlook
For the full fiscal year, EPS are expected to be -$0.28 per share (a 100% decrease) and revenue $278.28 million (up 44.27% year-over-year), highlighting ongoing top-line expansion despite profitability challenges.
4. Industry and Analyst Rankings
Bitfarms holds a Zacks Rank of #3 (Hold) and operates in the Technology Services industry, which ranks 157th of over 250 industries, placing it in the bottom 36%.