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Riot Platforms, Inc. (RIOT) Increases Despite Market Slip: Here's What You Need to Know
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In the latest trading session, Riot Platforms, Inc. (RIOT - Free Report) closed at $16.75, marking a +1.82% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.19%. At the same time, the Dow lost 0.8%, and the tech-heavy Nasdaq lost 0.1%.
Prior to today's trading, shares of the company had gained 19.99% outpaced the Finance sector's gain of 1.58% and the S&P 500's gain of 2.26%.
The investment community will be paying close attention to the earnings performance of Riot Platforms, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.23, signifying a 152.27% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $159.57 million, showing a 11.93% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.22 per share and revenue of $655.22 million, which would represent changes of -164.71% and 0%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Riot Platforms, 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Riot Platforms, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 171, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Riot Platforms, Inc. (RIOT) Increases Despite Market Slip: Here's What You Need to Know
In the latest trading session, Riot Platforms, Inc. (RIOT - Free Report) closed at $16.75, marking a +1.82% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.19%. At the same time, the Dow lost 0.8%, and the tech-heavy Nasdaq lost 0.1%.
Prior to today's trading, shares of the company had gained 19.99% outpaced the Finance sector's gain of 1.58% and the S&P 500's gain of 2.26%.
The investment community will be paying close attention to the earnings performance of Riot Platforms, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.23, signifying a 152.27% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $159.57 million, showing a 11.93% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.22 per share and revenue of $655.22 million, which would represent changes of -164.71% and 0%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Riot Platforms, 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Riot Platforms, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 171, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.