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Marathon Digital Holdings, Inc. (MARA) Beats Stock Market Upswing: What Investors Need to Know
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Marathon Digital Holdings, Inc. (MARA - Free Report) ended the recent trading session at $8.34, demonstrating a +1.28% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.33%. Meanwhile, the Dow experienced a rise of 1.08%, and the technology-dominated Nasdaq saw an increase of 0.08%.
Coming into today, shares of the company had lost 25.45% in the past month. In that same time, the Finance sector lost 3.99%, while the S&P 500 gained 1.41%.
Market participants will be closely following the financial results of Marathon Digital Holdings, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.04, reflecting a 87.5% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $204.88 million, down 18.83% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$5.25 per share and revenue of $795.44 million. These totals would mark changes of -42.28% and -12.31%, respectively, from last year.
It is also important to note the recent changes to 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 shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Marathon Digital Holdings, Inc. boasts 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 170, which puts 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Marathon Digital Holdings, Inc. (MARA) Beats Stock Market Upswing: What Investors Need to Know
Marathon Digital Holdings, Inc. (MARA - Free Report) ended the recent trading session at $8.34, demonstrating a +1.28% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.33%. Meanwhile, the Dow experienced a rise of 1.08%, and the technology-dominated Nasdaq saw an increase of 0.08%.
Coming into today, shares of the company had lost 25.45% in the past month. In that same time, the Finance sector lost 3.99%, while the S&P 500 gained 1.41%.
Market participants will be closely following the financial results of Marathon Digital Holdings, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.04, reflecting a 87.5% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $204.88 million, down 18.83% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$5.25 per share and revenue of $795.44 million. These totals would mark changes of -42.28% and -12.31%, respectively, from last year.
It is also important to note the recent changes to 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 shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Marathon Digital Holdings, Inc. boasts 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 170, which puts 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.
You can find more information on all of these metrics, and much more, on Zacks.com.