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Riot Platforms, Inc. (RIOT) Outperforms Broader Market: What You Need to Know
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In the latest close session, Riot Platforms, Inc. (RIOT - Free Report) was up +1.81% at $24.18. The stock outpaced the S&P 500's daily gain of 1.49%. On the other hand, the Dow registered a gain of 0.71%, and the technology-centric Nasdaq increased by 2.26%.
Coming into today, shares of the company had gained 19.77% in the past month. In that same time, the Finance sector lost 2.25%, while the S&P 500 gained 0.1%.
Market participants will be closely following the financial results of Riot Platforms, Inc. in its upcoming release. The company is predicted to post an EPS of -$0.33, indicating a 226.92% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $162.75 million, reflecting a 9.7% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$2.71 per share and a revenue of $670.27 million, demonstrating changes of -38.97% and +3.53%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Riot Platforms, Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 has moved 3.84% lower. Riot Platforms, Inc. presently features a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 37% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Riot Platforms, Inc. (RIOT) Outperforms Broader Market: What You Need to Know
In the latest close session, Riot Platforms, Inc. (RIOT - Free Report) was up +1.81% at $24.18. The stock outpaced the S&P 500's daily gain of 1.49%. On the other hand, the Dow registered a gain of 0.71%, and the technology-centric Nasdaq increased by 2.26%.
Coming into today, shares of the company had gained 19.77% in the past month. In that same time, the Finance sector lost 2.25%, while the S&P 500 gained 0.1%.
Market participants will be closely following the financial results of Riot Platforms, Inc. in its upcoming release. The company is predicted to post an EPS of -$0.33, indicating a 226.92% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $162.75 million, reflecting a 9.7% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$2.71 per share and a revenue of $670.27 million, demonstrating changes of -38.97% and +3.53%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Riot Platforms, Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 has moved 3.84% lower. Riot Platforms, Inc. presently features a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 37% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.