Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Marathon Digital Holdings, Inc. (MARA) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Marathon Digital Holdings, Inc. (MARA) - free report >>
Image: Bigstock
Marathon Digital (MARA) to Post Q3 Earnings: What's in Store?
Marathon Digital Holdings, Inc. (MARA - Free Report) is slated to report its third-quarter 2022 results on Nov 8, after the bell.
The company’s earnings surprise history has not been impressive. Earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, delivering a negative earnings surprise of 69.3%, on average.
Q3 Expectations
The Zacks Consensus Estimate for revenues is pegged at $35.4 million, indicating a 31.5% decline from the year-ago quarter’s actual figure. The consensus mark for the bottom line is pegged at a loss of 36 cents per share. The company reported earnings of 85 cents per share in the year-ago quarter.
The company’s performance in the quarter is expected to have been negatively impacted by lower revenues per bitcoin due to the lower market price of bitcoin compared to the past year and operating costs.
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 +47.22% and a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Marathon Digital Holdings, Inc. Price and EPS Surprise
Marathon Digital Holdings, Inc. price-eps-surprise | Marathon Digital Holdings, Inc. Quote
Stocks That Warrant a Look
Here are a couple of stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season:
Agrify Corporation (AGFY - Free Report) has an Earnings ESP of +4.31% and carries a Zacks Rank #2.
AGFY has an expected revenue growth rate of 14.8% for the current year.
Riot Blockchain (RIOT - Free Report) has an Earnings ESP of +129.17% and a Zacks Rank #3.
Riot has an expected revenue growth rate of 41.2% for the current year and 69.1% for the next year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.