Marathon Digital Holdings, Inc. (MARA - Free Report) is slated to report third-quarter 2023 results on Nov 8, after the bell.
The company’s earnings surprise history has not been impressive. It delivered a trailing four-quarter negative earnings surprise of 57.9%, on average, beating estimates thrice and missing once.
Q3 Expectations
The Zacks Consensus Estimate for revenues is pegged at $99.6 million, indicating a surge of more than 100% from the year-ago actuals.
The consensus mark is pegged at a loss of 6 cents per share. The company incurred a loss of 34 cents in the year-ago quarter.
Marathon Digital's performance in the quarter under review is expected to have been positively impacted by an increase in bitcoin production and higher bitcoin prices on a year-over-year basis.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Marathon Digital this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Marathon Digital has an Earnings ESP of -73.69% and a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Busines Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
Gartner (IT - Free Report) has an Earnings ESP of +4.30% and carries a Zacks Rank of 3 at present. IT beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 32.6%.
The company’s revenues are expected to rise 4.5% from a year ago. The bottom line is forecast to decline 22.8% from the prior-year figure. IT is scheduled to release third-quarter earnings on Nov 3.
Trane Technologies (TT - Free Report) has an Earnings ESP of +0.54% and a Zacks Rank of 2 at present. The company’s revenues and earnings are suggested to grow 9.4% and 17.2%, respectively, from the year-ago levels.
TT beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 7.3%. It is expected to release third-quarter numbers on Nov 1.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Marathon Digital Holdings, Inc. (MARA - Free Report) is slated to report third-quarter 2023 results on Nov 8, after the bell.
The company’s earnings surprise history has not been impressive. It delivered a trailing four-quarter negative earnings surprise of 57.9%, on average, beating estimates thrice and missing once.
Q3 Expectations
The Zacks Consensus Estimate for revenues is pegged at $99.6 million, indicating a surge of more than 100% from the year-ago actuals.
The consensus mark is pegged at a loss of 6 cents per share. The company incurred a loss of 34 cents in the year-ago quarter.
Marathon Digital's performance in the quarter under review is expected to have been positively impacted by an increase in bitcoin production and higher bitcoin prices on a year-over-year basis.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Marathon Digital this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Marathon Digital has an Earnings ESP of -73.69% and a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Busines Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
Gartner (IT - Free Report) has an Earnings ESP of +4.30% and carries a Zacks Rank of 3 at present. IT beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 32.6%.
The company’s revenues are expected to rise 4.5% from a year ago. The bottom line is forecast to decline 22.8% from the prior-year figure. IT is scheduled to release third-quarter earnings on Nov 3.
Trane Technologies (TT - Free Report) has an Earnings ESP of +0.54% and a Zacks Rank of 2 at present. The company’s revenues and earnings are suggested to grow 9.4% and 17.2%, respectively, from the year-ago levels.
TT beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 7.3%. It is expected to release third-quarter numbers on Nov 1.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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