Bitfarms Ltd. (BITF) closed at $5.01, down 5.11% from the previous day, while the S&P 500 gained 0.53%. Analysts expect the company to report an EPS of -$0.02, a 77.78% increase from last year. Revenue is projected to be $84.47 million, up 88.34% from the previous year.

The Zacks Consensus Estimates predict full-year earnings of -$0.13 per share and revenue of $321.13 million, representing changes of +7.14% and +66.49% respectively. Bitfarms Ltd. holds a Zacks Rank of #3 (Hold) and is part of the Technology Services industry with a Zacks Industry Rank of 49.

Investors are urged to monitor any revisions to analyst forecasts for Bitfarms Ltd. as they often indicate short-term business patterns. Zacks Rank system has a proven track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Stay updated with Zacks.com for more stock-shifting metrics.

Read more at Nasdaq: Bitfarms Ltd. (BITF) Stock Sinks As Market Gains: What You Should Know