Marathon Digital Holdings, Inc. (MARA) closed at $9.68 in the latest trading session, marking a -2.37% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.6%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 0.64%.
The stock of company has fallen by 13.3% in the past month, lagging the Finance sector's loss of 3.99% and the S&P 500's gain of 1.34%.
The upcoming earnings release of Marathon Digital Holdings, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.04, marking a 87.5% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $204.88 million, reflecting a 18.83% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$5.25 per share and a revenue of $795.44 million, indicating changes of -42.28% and -12.31%, respectively, from the former year.
Any recent changes to analyst estimates for Marathon Digital Holdings, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 36.17% higher. Marathon Digital Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 172, positioning it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).