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Riot Platforms, Inc. (RIOT) Stock Dips While Market Gains: Key Facts
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In the latest trading session, Riot Platforms, Inc. (RIOT - Free Report) closed at $23.01, marking a -2.02% move from the previous day. This change lagged the S&P 500's 0.51% gain on the day. At the same time, the Dow added 0.93%, and the tech-heavy Nasdaq gained 0.48%.
The stock of company has risen by 12.45% in the past month, leading the Finance sector's loss of 3.64% and the S&P 500's gain of 0.74%.
Analysts and investors alike will be keeping a close eye on the performance of Riot Platforms, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.33, signifying a 226.92% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $161.14 million, indicating a 10.59% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$2.71 per share and a revenue of $672.14 million, demonstrating changes of -38.97% and +3.82%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Riot Platforms, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.84% decrease. Riot Platforms, Inc. presently features a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Riot Platforms, Inc. (RIOT) Stock Dips While Market Gains: Key Facts
In the latest trading session, Riot Platforms, Inc. (RIOT - Free Report) closed at $23.01, marking a -2.02% move from the previous day. This change lagged the S&P 500's 0.51% gain on the day. At the same time, the Dow added 0.93%, and the tech-heavy Nasdaq gained 0.48%.
The stock of company has risen by 12.45% in the past month, leading the Finance sector's loss of 3.64% and the S&P 500's gain of 0.74%.
Analysts and investors alike will be keeping a close eye on the performance of Riot Platforms, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.33, signifying a 226.92% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $161.14 million, indicating a 10.59% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$2.71 per share and a revenue of $672.14 million, demonstrating changes of -38.97% and +3.82%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Riot Platforms, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.84% decrease. Riot Platforms, Inc. presently features a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.