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Riot Platforms, Inc. (RIOT) Declines More Than Market: Some Information for Investors
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Riot Platforms, Inc. (RIOT - Free Report) ended the recent trading session at $7.97, demonstrating a -1.12% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.58%. Elsewhere, the Dow saw a downswing of 0.12%, while the tech-heavy Nasdaq depreciated by 1.15%.
Shares of the company witnessed a loss of 27.32% over the previous month, trailing the performance of the Business Services sector with its loss of 4.36% and the S&P 500's loss of 1.09%.
The investment community will be paying close attention to the earnings performance of Riot Platforms, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.21, reflecting a 625% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $93.01 million, up 26.99% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.39 per share and a revenue of $453.74 million, indicating changes of -39.29% and +61.65%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Riot Platforms, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 48.52% higher. Riot Platforms, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 38% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Riot Platforms, Inc. (RIOT) Declines More Than Market: Some Information for Investors
Riot Platforms, Inc. (RIOT - Free Report) ended the recent trading session at $7.97, demonstrating a -1.12% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.58%. Elsewhere, the Dow saw a downswing of 0.12%, while the tech-heavy Nasdaq depreciated by 1.15%.
Shares of the company witnessed a loss of 27.32% over the previous month, trailing the performance of the Business Services sector with its loss of 4.36% and the S&P 500's loss of 1.09%.
The investment community will be paying close attention to the earnings performance of Riot Platforms, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.21, reflecting a 625% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $93.01 million, up 26.99% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.39 per share and a revenue of $453.74 million, indicating changes of -39.29% and +61.65%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Riot Platforms, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 48.52% higher. Riot Platforms, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 38% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.