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Marathon Digital (MARA) Down 27.2% Since Last Earnings Report: Can It Rebound?
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A month has gone by since the last earnings report for Marathon Digital Holdings, Inc. (MARA - Free Report) . Shares have lost about 27.2% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Marathon Digital due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Marathon Digital Holdings, Inc. before we dive into how investors and analysts have reacted as of late.
MARA Holdings Reports Q3 Loss
MARA Holdings' third quarter marked tangible progress toward diversification. The company advanced its transition from traditional cryptocurrency mining toward an integrated digital infrastructure that supports blockchain and AI computing workloads. Installation of the company’s first AI inference racks was completed at the Granbury site, signaling readiness to accommodate both Bitcoin and AI inference operations.
Additionally, MARA expanded its energy control footprint through power generation and data center partnerships in West Texas. The initial 400-megawatt campus can scale to as much as 1.5 gigawatts, a major advantage for reducing power costs and improving efficiency in future digital operations. International initiatives are also underway, with the company targeting half of its total revenue from international markets by 2028, strengthening geographic diversification.
Strong Growth Amid Cost Sensitivity
MARA reported revenues of $252.4 million, up 92% year over year and 3% above the Zacks Consensus Estimate. Although it posted a loss of 32 cents per share, missing expectations by 23%, this still represented an improvement from a loss of 38 cents a year earlier, reflecting operational gains despite ongoing volatility in Bitcoin prices.
Bitcoin production reached 2,144 BTC, while an additional 2,257 BTC were purchased, bringing total holdings to nearly 53,000 BTC, nearly double from the prior year. The company also recorded a $343.1 million gain on digital assets, benefiting from Bitcoin’s stronger valuation environment.
Operationally, approximately 70% of its megawatt capacity now comes from owned and operated sites, improving control over power costs. Purchased energy cost per bitcoin was $39,235, while the daily cost per petahash decreased 15% year over year, indicating better cost efficiency.
MARA ended the quarter with more than $7 billion in liquid assets, offering ample flexibility to fund infrastructure projects, pursue acquisitions, and manage volatility in digital asset prices.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended upward during the past month.
The consensus estimate has shifted 28.13% due to these changes.
VGM Scores
At this time, Marathon Digital has a poor Growth Score of F, a score with the same score on the momentum front. Following the exact same course, the stock was allocated a score of F on the value side, putting it in the lowest quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of this revision looks promising. Interestingly, Marathon Digital has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Marathon Digital is part of the Zacks Financial - Miscellaneous Services industry. Over the past month, Lazard (LAZ - Free Report) , a stock from the same industry, has gained 7.8%. The company reported its results for the quarter ended September 2025 more than a month ago.
Lazard reported revenues of $724.65 million in the last reported quarter, representing a year-over-year change of +12.2%. EPS of $0.56 for the same period compares with $0.38 a year ago.
For the current quarter, Lazard is expected to post earnings of $0.87 per share, indicating a change of +11.5% from the year-ago quarter. The Zacks Consensus Estimate has changed -2.6% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Lazard. Also, the stock has a VGM Score of B.
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Marathon Digital (MARA) Down 27.2% Since Last Earnings Report: Can It Rebound?
A month has gone by since the last earnings report for Marathon Digital Holdings, Inc. (MARA - Free Report) . Shares have lost about 27.2% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Marathon Digital due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Marathon Digital Holdings, Inc. before we dive into how investors and analysts have reacted as of late.
MARA Holdings Reports Q3 Loss
MARA Holdings' third quarter marked tangible progress toward diversification. The company advanced its transition from traditional cryptocurrency mining toward an integrated digital infrastructure that supports blockchain and AI computing workloads. Installation of the company’s first AI inference racks was completed at the Granbury site, signaling readiness to accommodate both Bitcoin and AI inference operations.
Additionally, MARA expanded its energy control footprint through power generation and data center partnerships in West Texas. The initial 400-megawatt campus can scale to as much as 1.5 gigawatts, a major advantage for reducing power costs and improving efficiency in future digital operations. International initiatives are also underway, with the company targeting half of its total revenue from international markets by 2028, strengthening geographic diversification.
Strong Growth Amid Cost Sensitivity
MARA reported revenues of $252.4 million, up 92% year over year and 3% above the Zacks Consensus Estimate. Although it posted a loss of 32 cents per share, missing expectations by 23%, this still represented an improvement from a loss of 38 cents a year earlier, reflecting operational gains despite ongoing volatility in Bitcoin prices.
Bitcoin production reached 2,144 BTC, while an additional 2,257 BTC were purchased, bringing total holdings to nearly 53,000 BTC, nearly double from the prior year. The company also recorded a $343.1 million gain on digital assets, benefiting from Bitcoin’s stronger valuation environment.
Operationally, approximately 70% of its megawatt capacity now comes from owned and operated sites, improving control over power costs. Purchased energy cost per bitcoin was $39,235, while the daily cost per petahash decreased 15% year over year, indicating better cost efficiency.
MARA ended the quarter with more than $7 billion in liquid assets, offering ample flexibility to fund infrastructure projects, pursue acquisitions, and manage volatility in digital asset prices.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended upward during the past month.
The consensus estimate has shifted 28.13% due to these changes.
VGM Scores
At this time, Marathon Digital has a poor Growth Score of F, a score with the same score on the momentum front. Following the exact same course, the stock was allocated a score of F on the value side, putting it in the lowest quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of this revision looks promising. Interestingly, Marathon Digital has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Marathon Digital is part of the Zacks Financial - Miscellaneous Services industry. Over the past month, Lazard (LAZ - Free Report) , a stock from the same industry, has gained 7.8%. The company reported its results for the quarter ended September 2025 more than a month ago.
Lazard reported revenues of $724.65 million in the last reported quarter, representing a year-over-year change of +12.2%. EPS of $0.56 for the same period compares with $0.38 a year ago.
For the current quarter, Lazard is expected to post earnings of $0.87 per share, indicating a change of +11.5% from the year-ago quarter. The Zacks Consensus Estimate has changed -2.6% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Lazard. Also, the stock has a VGM Score of B.