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Here's Why Marathon Digital Holdings, Inc. (MARA) Fell More Than Broader Market

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In the latest close session, Marathon Digital Holdings, Inc. (MARA - Free Report) was down 3.49% at $17.71. This move lagged the S&P 500's daily loss of 0.55%. At the same time, the Dow lost 0.19%, and the tech-heavy Nasdaq lost 0.95%.

Shares of the company have appreciated by 19.16% over the course of the past month, outperforming the Finance sector's gain of 2.06%, and the S&P 500's gain of 3.64%.

The investment community will be closely monitoring the performance of Marathon Digital Holdings, Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be -$0.21, reflecting a 44.74% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $267.05 million, up 102.85% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.17 per share and a revenue of $1.02 billion, representing changes of -109.88% and +56.01%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Marathon Digital Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Marathon Digital Holdings, Inc. is carrying a Zacks Rank of #3 (Hold).

The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 78, this industry ranks in the top 32% of all industries, numbering over 250.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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