Post-earnings recap
Reported
Mon, May 11, 2026
EPS actual
$-1.52
EPS est.
$-0.25
EPS surprise
-515.38%
1-day move
+0.70%
CleanSpark's earnings report showed a significant miss on EPS, which could raise concerns among investors. However, the stock reacted positively, increasing by 0.7%. This reaction may indicate that investors are looking beyond the EPS miss, possibly focusing on other aspects of the company's performance or future potential.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $-1.52 | $-0.23 | -515.38% |
| Revenue | N/A | $148M | N/A |
No transcript is on record for this earnings call, and the analysis is based solely on numerical results.
CleanSpark, Inc. is a technology company focused on providing software solutions that enhance the efficiency of energy consumption. As a player in the application software industry, it is positioned within the growing sectors of renewable energy and sustainability, which are increasingly important in today's market.
Last quarter
In Q1-2026, CleanSpark reported an EPS of $-1.35, significantly missing expectations. The stock reacted negatively, dropping 19.13% the following day.
EPS beat streak
0Q
EPS beat rate
25%
Avg EPS surprise
-590.49%
Avg 1-day reaction
-2.84%
Analysts are expecting a challenging quarter with a consensus EPS of $-0.23 and revenue of $148M. Given the previous quarter's significant miss, investors are cautious.
Bull case
If CleanSpark can show improved cost management and better-than-expected revenue, it could signal a turnaround, leading to a positive market reaction.
Bear case
Continued losses and failure to meet revenue expectations could further erode investor confidence, leading to a sharp decline in stock price.
Key metrics to watch
EPS
$-0.23Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.
Revenue
$148MTotal revenue gives insight into the company's sales performance and market demand for its products.
The print will turn on these.
Q1
Will CleanSpark's revenue meet or exceed the $148M consensus?
Revenue performance is critical for assessing the company's market demand and growth potential, especially after a significant miss last quarter.
Q2
Can the company reduce its EPS loss from $-1.35 to $-0.23 or better?
Improving EPS is essential for restoring investor confidence and demonstrating effective cost management.
—
Est. EPS
$0.97
Est. Rev
$693M
Impl. Move
±7.6%
Why consensus could be wrong
The consensus may underestimate CleanSpark's potential for revenue growth, especially if recent investments in software solutions begin to pay off.
Supporting evidence
The options market is pricing a larger move than historical averages, indicating potential for unexpected results.
CleanSpark's previous earnings history shows significant volatility, suggesting that the market may be overly cautious this quarter.
Key risk
If revenue comes in above $148M, it could shift the narrative significantly, challenging the current bearish outlook.
Pre-commit to what would confirm each case.
This quarter is pivotal as it follows a substantial earnings miss, and the market is closely watching for signs of recovery.
Bull confirmed if
Revenue exceeding $148M with a significant reduction in EPS loss would confirm a positive outlook.
Bear confirmed if
An EPS loss greater than $-0.23 and revenue below $148M would reinforce bearish sentiment.
What the market is pricing for the move.
Implied Move
±14.55%
Historical Avg
±5.5%
The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings report.
Options are pricing ±14.5% while CLSK has averaged ±5.5% over the last 8 prints — setup is pricing rich.
ATM IV
1.8%
30d HV
63.2%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$41,121.55
3,335 sh
1 insider
Net
$41,121.55
Net selling
Most Active Insiders· 1 open-market trade
$41,121.55
Net selling
Likely market behavior by outcome. Not investment advice.
Beat & raise
If CleanSpark beats expectations, history suggests a potential average one-day move of +2.37%, confirming a positive turnaround narrative.
In line / cautious
If results are in line with expectations, the stock may experience a muted reaction as investors await further clarity from management.
Miss
Should the company miss expectations again, history suggests an average one-day move of -5.78%, potentially leading to further declines.
The lines on the call that would change the story.
Recent Transactions
Oct 1, 2026 · @ $12.33
3,335 sh
$41,121.55
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.