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Riot Platforms, Inc. (RIOT) Rises As Market Takes a Dip: Key Facts
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Riot Platforms, Inc. (RIOT - Free Report) ended the recent trading session at $16.70, demonstrating a +1.4% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Heading into today, shares of the company had lost 21.38% over the past month, lagging the Finance sector's loss of 3.34% and the S&P 500's gain of 2.05%.
The investment community will be closely monitoring the performance of Riot Platforms, Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.33, signifying a 226.92% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $160.65 million, indicating a 10.86% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$2.7 per share and a revenue of $670.18 million, indicating changes of -38.46% and +3.51%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Riot Platforms, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.47% higher. Riot Platforms, Inc. is currently a Zacks Rank #4 (Sell).
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 179, this industry ranks in the bottom 28% of all industries, numbering over 250.
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.
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) Rises As Market Takes a Dip: Key Facts
Riot Platforms, Inc. (RIOT - Free Report) ended the recent trading session at $16.70, demonstrating a +1.4% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Heading into today, shares of the company had lost 21.38% over the past month, lagging the Finance sector's loss of 3.34% and the S&P 500's gain of 2.05%.
The investment community will be closely monitoring the performance of Riot Platforms, Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.33, signifying a 226.92% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $160.65 million, indicating a 10.86% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$2.7 per share and a revenue of $670.18 million, indicating changes of -38.46% and +3.51%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Riot Platforms, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.47% higher. Riot Platforms, Inc. is currently a Zacks Rank #4 (Sell).
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 179, this industry ranks in the bottom 28% of all industries, numbering over 250.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.