We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Riot Platforms, Inc. (RIOT) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
In the latest close session, Riot Platforms, Inc. (RIOT - Free Report) was down 2.63% at $19.62. The stock fell short of the S&P 500, which registered a gain of 0.2% for the day. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.04%.
Shares of the company witnessed a gain of 8.13% over the previous month, beating the performance of the Finance sector with its loss of 4.84%, and the S&P 500's loss of 0.35%.
Analysts and investors alike will be keeping a close eye on the performance of Riot Platforms, Inc. in its upcoming earnings disclosure. 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 $160.65 million, reflecting a 10.86% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$2.71 per share and revenue of $670.18 million, which would represent changes of -38.97% and +3.51%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Riot Platforms, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate has moved 3.73% lower within the past month. As of now, Riot Platforms, Inc. holds a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 113, which puts it in the top 46% 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.
View the Zacks #1 Rank List
Image: Bigstock
Riot Platforms, Inc. (RIOT) Stock Dips While Market Gains: Key Facts
In the latest close session, Riot Platforms, Inc. (RIOT - Free Report) was down 2.63% at $19.62. The stock fell short of the S&P 500, which registered a gain of 0.2% for the day. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.04%.
Shares of the company witnessed a gain of 8.13% over the previous month, beating the performance of the Finance sector with its loss of 4.84%, and the S&P 500's loss of 0.35%.
Analysts and investors alike will be keeping a close eye on the performance of Riot Platforms, Inc. in its upcoming earnings disclosure. 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 $160.65 million, reflecting a 10.86% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$2.71 per share and revenue of $670.18 million, which would represent changes of -38.97% and +3.51%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Riot Platforms, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate has moved 3.73% lower within the past month. As of now, Riot Platforms, Inc. holds a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 113, which puts it in the top 46% 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.