Canaan Q2 preview: analysts expect 6-cent loss on $40.92M revenue
Canaan (CAN) is set to release Q2 earnings before the opening bell Tuesday, Sept. 8. Analysts expect a quarterly loss of 6 cents per share on revenue of $40.92 million.
Canaan Inc. (NASDAQ: CAN ) will release its second quarter earnings report before the opening bell on Tuesday, Sept.
8.
Analysts expect the Singapore-based company to report a quarterly loss of 6 cents per share on revenue of $40.92 million, according to Pro.
On May 19, Canaan reported mixed first-quarter financial results and issued second-quarter sales guidance below estimates.
Shares of Canaan jumped 27.9% to close at $0.39 on Thursday. readers can access the latest analyst ratings on the Analyst Stock Ratings page.
Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how most-accurate analysts have rated the company in the recent period.
Rosenblatt analyst Kevin Cassidy maintained a Buy rating and cut the price target from $2.25 to $1.30 on May 20, 2026.
This analyst has an accuracy rate of 83%.
BTIG analyst Gregory Lewis maintained a Buy rating with a price target of $3 on May 19, 2026.
This analyst has an accuracy rate of 74%.
Benchmark analyst Mark Palmer maintained a Buy rating and cut the price target from $4 to $2 on Feb.
11, 2026.
This analyst has an accuracy rate of 76%.
B.
Riley Securities analyst Nick Giles maintained a Buy rating and lowered the price target from $3 to $2.5 on Nov.
21, 2025.
This analyst has an accuracy rate of 67%.
Considering buying CAN stock? Here’s what analysts think: Photo via Shutterstock