Bitfarms stock dropped despite market gains, but had risen 25.44% in the past month

From Nasdaq: 2025-05-02 18:15:00

Bitfarms Ltd. (BITF) closed at $1.02, down 0.97% from the previous day. This lagged behind the S&P 500’s gain of 1.47%, while the Dow and Nasdaq saw increases of 1.39% and 1.51%, respectively. Prior to today, BITF shares had risen 25.44% in the past month, outperforming the sector and S&P 500.

In the upcoming financial report, BITF is expected to post an EPS of -$0.04 and revenue of $68.39 million, reflecting a 100% drop in EPS but a 35.91% increase in revenue compared to the same quarter last year. Analysts forecast earnings of -$0.14 per share and revenue of $338.38 million for the full year.

Recent analyst estimate revisions for BITF reflect evolving business trends. Positive revisions can indicate a favorable business outlook. Utilize the Zacks Rank system, which tracks estimate changes and offers ratings. BITF currently holds a Zacks Rank of #3 (Hold) with a 31.25% decrease in EPS estimate over the last 30 days.

The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 82, placing it in the top 34% of all industries. Zacks Industry Rank data shows that top-rated industries outperform lower-ranked ones by a 2 to 1 ratio. Stay informed with Zacks.com for key stock-moving metrics.



Read more at Nasdaq: Bitfarms Ltd. (BITF) Stock Drops Despite Market Gains: Important Facts to Note