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Marathon Digital Holdings, Inc. (MARA) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest close session, Marathon Digital Holdings, Inc. (MARA - Free Report) was down 3.51% at $12.11. The stock's change was less than the S&P 500's daily loss of 0.77%. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.
Prior to today's trading, shares of the company had gained 17.62% outpaced the Finance sector's loss of 3.48% and the S&P 500's gain of 0.96%.
Market participants will be closely following the financial results of Marathon Digital Holdings, Inc. in its upcoming release. On that day, Marathon Digital Holdings, Inc. is projected to report earnings of -$0.04 per share, which would represent year-over-year growth of 87.5%. Simultaneously, our latest consensus estimate expects the revenue to be $204.88 million, showing a 18.83% drop compared to the year-ago quarter.
MARA's full-year Zacks Consensus Estimates are calling for earnings of -$5.25 per share and revenue of $795.44 million. These results would represent year-over-year changes of -42.28% and -12.31%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Marathon Digital Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 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. The Zacks Consensus EPS estimate has moved 33.6% lower within the past month. Marathon Digital Holdings, 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 bearing a Zacks Industry Rank of 105, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Marathon Digital Holdings, Inc. (MARA) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest close session, Marathon Digital Holdings, Inc. (MARA - Free Report) was down 3.51% at $12.11. The stock's change was less than the S&P 500's daily loss of 0.77%. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.
Prior to today's trading, shares of the company had gained 17.62% outpaced the Finance sector's loss of 3.48% and the S&P 500's gain of 0.96%.
Market participants will be closely following the financial results of Marathon Digital Holdings, Inc. in its upcoming release. On that day, Marathon Digital Holdings, Inc. is projected to report earnings of -$0.04 per share, which would represent year-over-year growth of 87.5%. Simultaneously, our latest consensus estimate expects the revenue to be $204.88 million, showing a 18.83% drop compared to the year-ago quarter.
MARA's full-year Zacks Consensus Estimates are calling for earnings of -$5.25 per share and revenue of $795.44 million. These results would represent year-over-year changes of -42.28% and -12.31%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Marathon Digital Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 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. The Zacks Consensus EPS estimate has moved 33.6% lower within the past month. Marathon Digital Holdings, 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 bearing a Zacks Industry Rank of 105, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.