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Marathon Digital Holdings, Inc. (MARA) Stock Moves 2.64%: What You Should Know
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Marathon Digital Holdings, Inc. (MARA - Free Report) closed at $13.63 in the latest trading session, marking a +2.64% move from the prior day. Elsewhere, the Dow saw a downswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.45%.
Heading into today, shares of the company had gained 18.78% over the past month, outpacing the Finance sector's loss of 1.11% and the S&P 500's gain of 1.27%.
Investors will be eagerly watching for the performance of Marathon Digital Holdings, Inc. in its upcoming earnings disclosure. In that report, analysts expect Marathon Digital Holdings, Inc. to post earnings of -$0.04 per share. This would mark year-over-year growth of 87.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $204.88 million, down 18.83% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$5.25 per share and revenue of $795.44 million, indicating changes of -42.28% and -12.31%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Marathon Digital Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 33.6% downward. As of now, Marathon Digital Holdings, Inc. holds a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 102, finds itself in the top 42% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Marathon Digital Holdings, Inc. (MARA) Stock Moves 2.64%: What You Should Know
Marathon Digital Holdings, Inc. (MARA - Free Report) closed at $13.63 in the latest trading session, marking a +2.64% move from the prior day. Elsewhere, the Dow saw a downswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.45%.
Heading into today, shares of the company had gained 18.78% over the past month, outpacing the Finance sector's loss of 1.11% and the S&P 500's gain of 1.27%.
Investors will be eagerly watching for the performance of Marathon Digital Holdings, Inc. in its upcoming earnings disclosure. In that report, analysts expect Marathon Digital Holdings, Inc. to post earnings of -$0.04 per share. This would mark year-over-year growth of 87.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $204.88 million, down 18.83% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$5.25 per share and revenue of $795.44 million, indicating changes of -42.28% and -12.31%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Marathon Digital Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 33.6% downward. As of now, Marathon Digital Holdings, Inc. holds a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 102, finds itself in the top 42% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.