Marathon Digital Holdings, Inc. (MARA) closed the most recent trading day at $11.42, moving -7.08% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.51%. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 1.47%.
Shares of the company have depreciated by 11.71% over the course of the past month, underperforming the Finance sector's gain of 3.25%, and the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of Marathon Digital Holdings, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.56, signifying a 30.86% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $204.62 million, down 14.2% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$4.98 per share and a revenue of $811.39 million, demonstrating changes of -34.96% and -10.55%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Marathon Digital Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Marathon Digital Holdings, Inc. presently features a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 161, finds itself in the bottom 35% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow MARA in the coming trading sessions, be sure to utilize Zacks.com.
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Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis Report
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