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Riot Platforms, Inc. (RIOT) Registers a Bigger Fall Than the Market: Important Facts to Note
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Riot Platforms, Inc. (RIOT - Free Report) closed at $18.54 in the latest trading session, marking a -2.06% move from the prior day. This move lagged the S&P 500's daily loss of 0.22%. On the other hand, the Dow registered a loss of 0.66%, and the technology-centric Nasdaq decreased by 0.22%.
The company's shares have seen a decrease of 14.96% over the last month, not keeping up with the Finance sector's loss of 4.09% and the S&P 500's gain of 1.4%.
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 $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.
Investors should also note any recent changes to analyst estimates for Riot Platforms, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.1% higher. Riot Platforms, Inc. is currently sporting 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 170, positioning it in the bottom 31% of all 250+ industries.
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) Registers a Bigger Fall Than the Market: Important Facts to Note
Riot Platforms, Inc. (RIOT - Free Report) closed at $18.54 in the latest trading session, marking a -2.06% move from the prior day. This move lagged the S&P 500's daily loss of 0.22%. On the other hand, the Dow registered a loss of 0.66%, and the technology-centric Nasdaq decreased by 0.22%.
The company's shares have seen a decrease of 14.96% over the last month, not keeping up with the Finance sector's loss of 4.09% and the S&P 500's gain of 1.4%.
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 $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.
Investors should also note any recent changes to analyst estimates for Riot Platforms, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.1% higher. Riot Platforms, Inc. is currently sporting 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 170, positioning it in the bottom 31% of all 250+ industries.
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.