Latest news with #Canaan
Yahoo
4 days ago
- Climate
- Yahoo
Belton addresses outdoor warning system malfunction
BELTON, Mo. — A Cass County suburb said its outdoor warning sirens are working once again. Those same sirens did not immediately activate Tuesday as tornado warnings were issued. On Thursday, people in Belton may have heard outdoor warning sirens going off, but it was just a test. We're told the issues that happened on Tuesday are now resolved. View the latest Weather Alerts in the Kansas City region on FOX4 The City of Belton shared video with FOX4. On Thursday, the city tested the outdoor warning sirens as part of ongoing troubleshooting efforts making sure the system works properly. This, after their sirens didn't immediately sound Tuesday, according to Director of Emergency Management Claire Canaan. 'It's not a good thing to find, but it's also a good thing to find because we can address it and help save lives,' Canaan said. On Tuesday, when a tornado warning was issued for parts of Cass County, including Belton, Canaan said they recognized a disruption in the signal that sets off the sirens throughout the city. Her team tried a backup method, which also didn't go through. Finally, a secondary method of activation worked. The issue, 'Some equipment that we needed to update, the radio needed some maintenance done to it,' Canaan said. Crews spent the next two days ensuring the equipment was connected and work the way it's supposed to. Canaan said on Thursday city staff stood at all 18 siren locations across Belton to monitor and confirm performance. 'They all worked the way they're supposed to,' she said. It's important because it is a method of notification for people. It is a part of our multiple alerting warning for severe weather and when that doesn't work, we do try to rely on that but we always try to emphasize to have multiple methods of notification for reasons like this.' Download the FOX4 News app on iPhone and Android 'We were also able to get staff at each one of our siren locations and be able to visually tell us that, 'Yes, that siren is operating the way it was supposed to.' If it had a message that it put out that, that was working correctly, that it was sounding, it was turning, that it was in operation,' Canaan said, 'that everything was working correctly.' They tested the outdoor warning system in May. She said at that time, it was good to go. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
20-05-2025
- Business
- Yahoo
Canaan (CAN) Reports Q1 Loss, Lags Revenue Estimates
Canaan (CAN) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -80%. A quarter ago, it was expected that this cryptocurrency-mining computer maker would post a loss of $0.14 per share when it actually produced a loss of $0.33, delivering a surprise of -135.71%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Canaan , which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $82.78 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 7.11%. This compares to year-ago revenues of $35.09 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Canaan shares have lost about 60% since the beginning of the year versus the S&P 500's gain of 1.4%. While Canaan has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Canaan: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.08 on $134.65 million in revenues for the coming quarter and breakeven on $664.2 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 45% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, StepStone Group Inc. (STEP), is yet to report results for the quarter ended March 2025. The results are expected to be released on May 22. This company is expected to post quarterly earnings of $0.46 per share in its upcoming report, which represents a year-over-year change of +38.4%. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. StepStone Group Inc.'s revenues are expected to be $235.01 million, down 34.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Canaan Inc. Sponsored ADR (CAN) : Free Stock Analysis Report StepStone Group Inc. (STEP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
San Francisco Chronicle
20-05-2025
- Business
- San Francisco Chronicle
Canaan: Q1 Earnings Snapshot
SINGAPORE (AP) — SINGAPORE (AP) — Canaan Inc. (CAN) on Tuesday reported a loss of $86.4 million in its first quarter. On a per-share basis, the Singapore-based company said it had a loss of 27 cents. The cryptocurrency-mining computer maker posted revenue of $82.8 million in the period. For the current quarter ending in June, Canaan said it expects revenue in the range of $100 million. _____
Time Business News
19-05-2025
- Business
- Time Business News
Say Goodbye to Traditional Mining! JOPE MINER Offers Investors a Seamless Cloud Mining Experience
Since its establishment in 2019, JOPE MINER, a leading cloud mining service provider based in the UK, recently shared insights on how cloud mining helps investors easily generate passive income without incurring the high upfront costs of traditional cryptocurrency mining. JOPE MINER operates over 60 large mining data centers worldwide, all powered by renewable energy sources such as solar and wind, effectively reducing mining costs and environmental impact. To date, JOPE MINER has provided services to 6 million users from 180 countries and regions. Traditional cryptocurrency mining often requires substantial investment in high-performance hardware, electricity, and maintenance, which can deter many first-time investors. Cloud mining lowers the entry barrier by allowing users to rent computing power, eliminating the need for technical expertise. Key advantages of using JOPE MINER for cloud mining include: þ Accessibility: Global users can easily connect via the internet. þ Cost-Effectiveness: No need to purchase or maintain physical hardware. þ Ease of Use: Eliminates complicated technical setups and troubleshooting. þ Scalability: Flexible contract options based on the user's budget. þ Energy Efficiency: Utilizes clean energy, helping to reduce environmental impact. þ Quick Returns: Earnings are settled within 24 hours of contract activation and the principal is returned at contract maturity. Step 1: Register and Claim Your Reward Registration is straightforward, requiring only an email address. New users can instantly receive a $15 sign-up bonus and earn an additional $0.60 daily through check-ins. Step 2: Choose the Right Mining Contract Select from various contracts based on your investment plan and budget. Specific options include: For the latest contract information, please visit JOPE MINER's official website: Step 3: Monitor Your Earnings During the contract period, earnings will be credited to the user's account in real-time, and users can view their mining progress and withdraw funds at any time. Why Choose JOPE MINER? √ Global Availability: Serves users worldwide, regardless of geographical location. √ User-Friendly Interface: Platform designed for easy use, suitable for beginners. √ Professional Support: Experienced customer service team available 24/7. √ Top-Tier Hardware: Utilizes well-known equipment from Bitmain, Canaan, and Innosilicon. √ Maintenance-Free: JOPE MINER handles all hardware maintenance and troubleshooting. √ Green Mining: All mining sites are powered by renewable energy sources. √ Multiple Coin Support: Users can mine several currencies, including BTC, ETH, DOGE, USDT, USDC, LTC, XRP, SOL, and BCH. √ Referral Rewards: Earn 5% to 10% commissions for referring others to purchase contracts, with professional partners earning up to $15,000 monthly. JOPE MINER provides a secure and convenient channel for both beginners and experienced investors to access the cryptocurrency mining market. About JOPE MINER As a pioneer in the cloud mining industry, JOPE MINER has been committed to providing users with efficient and convenient mining solutions since its founding in 2019, without the need for substantial hardware investments or maintenance costs. Through advanced cloud computing technology and a distributed mining network, JOPE MINER aims to generate stable cryptocurrency income for its users. For more information, please visit: Contact Information: Email: info@ Company Website: TIME BUSINESS NEWS
Yahoo
13-05-2025
- Business
- Yahoo
Canaan (CAN) May Report Negative Earnings: Know the Trend Ahead of Q1 Release
Canaan (CAN) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This cryptocurrency-mining computer maker is expected to post quarterly loss of $0.15 per share in its upcoming report, which represents a year-over-year change of +6.3%. Revenues are expected to be $89.12 million, up 154% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 50% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Canaan, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Canaan will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Canaan would post a loss of $0.14 per share when it actually produced a loss of $0.33, delivering a surprise of -135.71%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Canaan doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Financial - Miscellaneous Services industry, AlTi Global, Inc. (ALTI) is soon expected to post loss of $0.02 per share for the quarter ended March 2025. This estimate indicates a year-over-year change of -300%. This quarter's revenue is expected to be $53.9 million, up 6.1% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for AlTi Global, Inc. has been revised 114.3% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that AlTi Global, Inc. will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Canaan Inc. Sponsored ADR (CAN) : Free Stock Analysis Report AlTi Global, Inc. (ALTI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
