Home Blockchain Zacks: Analysts Anticipate Argo Blockchain Plc (NASDAQ:ARBK) Will Submit Earnings of $0.43 Per Share

Zacks: Analysts Anticipate Argo Blockchain Plc (NASDAQ:ARBK) Will Submit Earnings of $0.43 Per Share

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Wall Road brokerages anticipate Argo Blockchain Plc (NASDAQ:ARBK – Get Rating) to report earnings per share (EPS) of $0.43 for the present quarter, in accordance with Zacks. Three analysts have issued estimates for Argo Blockchain’s earnings, with estimates starting from $0.36 to $0.48. The corporate is predicted to announce its subsequent earnings report on Wednesday, April twenty seventh.

On common, analysts anticipate that Argo Blockchain will report full yr earnings of $1.32 per share for the present fiscal yr, with EPS estimates starting from $1.15 to $1.62. For the following monetary yr, analysts anticipate that the corporate will put up earnings of $1.74 per share, with EPS estimates starting from $1.48 to $2.07. Zacks Funding Analysis’s earnings per share averages are a mean primarily based on a survey of sell-side analysis analysts that that present protection for Argo Blockchain.

Individually, Zacks Investment Research lower shares of Argo Blockchain from a “maintain” ranking to a “promote” ranking in a analysis word on Wednesday, February ninth. One analyst has rated the inventory with a promote ranking and 7 have assigned a purchase ranking to the inventory. Based mostly on information from MarketBeat.com, the inventory presently has a consensus ranking of “Purchase” and a mean value goal of $23.00.

A number of hedge funds have just lately made adjustments to their positions in ARBK. Caas Capital Administration LP purchased a brand new stake in shares of Argo Blockchain within the third quarter price about $6,400,000. MMCAP Worldwide Inc. SPC purchased a brand new stake in shares of Argo Blockchain within the third quarter price about $5,200,000. Millennium Administration LLC purchased a brand new stake in Argo Blockchain throughout the third quarter price about $3,340,000. Instructor Retirement System of Texas purchased a brand new stake in Argo Blockchain throughout the third quarter price about $3,200,000. Lastly, Van ECK Associates Corp purchased a brand new stake in Argo Blockchain throughout the 4th quarter price about $2,291,000. Institutional traders personal 4.34% of the corporate’s inventory.

ARBK stock traded down $0.20 throughout buying and selling hours on Friday, hitting $8.01. The corporate’s inventory had a buying and selling quantity of 346,284 shares, in comparison with its common quantity of 198,248. Argo Blockchain has a 12 month low of $7.51 and a 12 month excessive of $21.00. The inventory has a 50 day shifting common of $10.44.

About Argo Blockchain (Get Rating)

Argo Blockchain Plc supplies sustainable blockchain infrastructure and cryptocurrency mining. Argo Blockchain Plc is headquartered in London, UK.

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Earnings History and Estimates for Argo Blockchain (NASDAQ:ARBK)

This instantaneous information alert was generated by narrative science know-how and monetary information from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]

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