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.
Marathon Digital Holdings, Inc. (MARA) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
Marathon Digital Holdings, Inc. (MARA - Free Report) closed at $9.68 in the latest trading session, marking a -2.37% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.6%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 0.64%.
The stock of company has fallen by 13.3% in the past month, lagging the Finance sector's loss of 3.99% and the S&P 500's gain of 1.34%.
The upcoming earnings release of Marathon Digital Holdings, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.04, marking a 87.5% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $204.88 million, reflecting a 18.83% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$5.25 per share and a revenue of $795.44 million, indicating changes of -42.28% and -12.31%, respectively, from the former year.
Any recent changes to analyst estimates for Marathon Digital Holdings, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 36.17% higher. Marathon Digital Holdings, Inc. currently has 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 172, 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.
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
Image: Bigstock
Marathon Digital Holdings, Inc. (MARA) Stock Slides as Market Rises: Facts to Know Before You Trade
Marathon Digital Holdings, Inc. (MARA - Free Report) closed at $9.68 in the latest trading session, marking a -2.37% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.6%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 0.64%.
The stock of company has fallen by 13.3% in the past month, lagging the Finance sector's loss of 3.99% and the S&P 500's gain of 1.34%.
The upcoming earnings release of Marathon Digital Holdings, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.04, marking a 87.5% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $204.88 million, reflecting a 18.83% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$5.25 per share and a revenue of $795.44 million, indicating changes of -42.28% and -12.31%, respectively, from the former year.
Any recent changes to analyst estimates for Marathon Digital Holdings, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 36.17% higher. Marathon Digital Holdings, Inc. currently has 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 172, 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.