Cipher Digital Slides 5.58% as Major Indexes Post Smaller Losses

Cipher Digital shares fell 5.58% to $16.74 in the latest session, a steeper decline than the major US indexes. The S&P 500 lost 0.77%, the Dow fell 0.67% and the Nasdaq declined 0.92%.

Despite the session’s drop, the stock has gained 16.88% over the past month. Over the same period, the Business Services sector fell 5.02%, while the S&P 500 rose 0.96%.

Ahead of the company’s next earnings report, Zacks consensus estimates call for earnings of -$0.31 per share and revenue of $37.99 million. The revenue estimate is 47.02% below the same quarter a year earlier; Zacks said the expected earnings figure represents a 3,000% decline.

For the full year, Zacks consensus estimates put earnings at -$1.36 per share and revenue at $216.23 million. The source cited year-over-year changes of +36.74% for earnings and -3.44% for revenue. Zacks said its consensus earnings estimate has not changed over the past month.