HIVE Digital Technologies Ltd reports results for the quarter ended June 30 - Earnings Summary

• HIVE Digital Technologies Ltd HIVE reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of five analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -22 cents to -5 cents per share.

• Revenue rose 41.5% to $45.61 million from a year ago; analysts expected $41.84 million.

• HIVE Digital Technologies Ltd's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $36.87 million.

• HIVE Digital Technologies Ltd shares had risen by 25.0% this quarter and lost 21.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 80.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for HIVE Digital Technologies Ltd is $7.00, about 67.9% above its last closing price of $2.25

This summary was machine generated from LSEG data August 15 at 05:22 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)