In the latest trading session, Marathon Digital Holdings, Inc. (MARA) closed at $10.22, marking a -2.11% move from the previous day. This change lagged the S&P 500's 0.65% gain on the day. At the same time, the Dow added 0.48%, and the tech-heavy Nasdaq gained 0.82%.
Shares of the company witnessed a loss of 11.82% over the previous month, trailing the performance of the Finance sector with its gain of 3%, and the S&P 500's gain of 1.15%.
Investors will be eagerly watching for the performance of Marathon Digital Holdings, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.23, indicating a 118.55% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $246.48 million, up 14.97% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.23 per share and revenue of $947.64 million, indicating changes of -113.37% and 0%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Marathon Digital Holdings, Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Marathon Digital Holdings, Inc. presently features a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 164, this industry ranks in the bottom 34% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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