Canaan (CAN) got here out with a quarterly lack of $0.05 per share versus the Zacks Consensus Estimate of a lack of $0.06. This compares to a lack of $0.27 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of +16.67%. 1 / 4 in the past, it was anticipated that this cryptocurrency-mining laptop maker would submit a lack of $0.13 per share when it truly produced a lack of $0.03, delivering a shock of +76.92%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Canaan, which belongs to the Zacks Monetary – Miscellaneous Companies trade, posted revenues of $150.48 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 19.26%. This compares to year-ago revenues of $73.61 million. The corporate has topped consensus income estimates 3 times over the past 4 quarters.
The sustainability of the inventory’s rapid value motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Canaan shares have misplaced about 58.4% for the reason that starting of the yr versus the S&P 500’s achieve of 13.4%.
What’s Subsequent for Canaan?
Whereas Canaan has underperformed the market up to now this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis reveals a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a formidable monitor report of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Canaan was favorable. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You’ll be able to see the whole checklist of at the moment’s Zacks #1 Rank (Sturdy Purchase) shares right here.
Will probably be fascinating to see how estimates for the approaching quarters and the present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.06 on $142.32 million in revenues for the approaching quarter and -$0.37 on $451.45 million in revenues for the present fiscal yr.
Buyers must be conscious of the truth that the outlook for the trade can have a fabric affect on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Monetary – Miscellaneous Companies is at present within the high 33% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical trade, CleanSpark (CLSK), has but to report outcomes for the quarter ended September 2025.
This firm is predicted to submit quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of +118.5%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
CleanSpark’s revenues are anticipated to be $238.76 million, up 167.4% from the year-ago quarter.
Ought to You Spend money on Canaan Inc. Sponsored ADR (CAN)?
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Canaan Inc. Sponsored ADR (CAN) : Free Inventory Evaluation Report
Cleanspark, Inc. (CLSK) : Free Inventory Evaluation Report
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