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Marathon Digital Holdings, Inc. (MARA) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest close session, Marathon Digital Holdings, Inc. (MARA - Free Report) was down 1.56% at $20.25. This change lagged the S&P 500's 0.38% loss on the day. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 0.67%.
Prior to today's trading, shares of the company had gained 35.33% outpaced the Finance sector's gain of 1.43% and the S&P 500's gain of 4.06%.
Analysts and investors alike will be keeping a close eye on the performance of Marathon Digital Holdings, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.21, showcasing a 44.74% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $250.62 million, up 90.36% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$0.17 per share and a revenue of $997.68 million, demonstrating changes of -109.88% and +52%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Marathon Digital Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Marathon Digital Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 86, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Marathon Digital Holdings, Inc. (MARA) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest close session, Marathon Digital Holdings, Inc. (MARA - Free Report) was down 1.56% at $20.25. This change lagged the S&P 500's 0.38% loss on the day. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 0.67%.
Prior to today's trading, shares of the company had gained 35.33% outpaced the Finance sector's gain of 1.43% and the S&P 500's gain of 4.06%.
Analysts and investors alike will be keeping a close eye on the performance of Marathon Digital Holdings, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.21, showcasing a 44.74% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $250.62 million, up 90.36% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$0.17 per share and a revenue of $997.68 million, demonstrating changes of -109.88% and +52%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Marathon Digital Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Marathon Digital Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 86, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.