Riot Platforms, Inc. (RIOT) closed the most recent trading day at $14.02, moving +1.15% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.14%. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, added 0.38%.
The stock of company has risen by 44.98% in the past month, leading the Finance sector's gain of 4.07% and the S&P 500's gain of 5.35%.
The investment community will be closely monitoring the performance of Riot Platforms, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on July 31, 2025. The company's earnings per share (EPS) are projected to be -$0.19, reflecting a 40.63% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $149.8 million, reflecting a 113.94% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.44 per share and a revenue of $643.37 million, signifying shifts of -523.53% and +70.81%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Riot Platforms, Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 2.37% higher within the past month. Riot Platforms, Inc. is currently sporting a Zacks Rank of #4 (Sell).
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Riot Platforms, Inc. (RIOT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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