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Riot Platforms, Inc. (RIOT) Suffers a Larger Drop Than the General Market: Key Insights
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Riot Platforms, Inc. (RIOT - Free Report) ended the recent trading session at $12.81, demonstrating a -6.77% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.82%. On the other hand, the Dow registered a loss of 1.09%, and the technology-centric Nasdaq decreased by 2.86%.
Heading into today, shares of the company had lost 29.93% over the past month, lagging the Finance sector's gain of 1.48% and the S&P 500's gain of 0.71%.
Investors will be eagerly watching for the performance of Riot Platforms, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 4, 2026. The company is expected to report EPS of -$0.24, down 192.31% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $161.46 million, reflecting a 10.42% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$2.61 per share and revenue of $677.09 million, indicating changes of -33.85% and +4.58%, respectively, compared to the previous 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 witnessed a 3.74% increase. Right now, Riot Platforms, Inc. possesses a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 33% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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) Suffers a Larger Drop Than the General Market: Key Insights
Riot Platforms, Inc. (RIOT - Free Report) ended the recent trading session at $12.81, demonstrating a -6.77% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.82%. On the other hand, the Dow registered a loss of 1.09%, and the technology-centric Nasdaq decreased by 2.86%.
Heading into today, shares of the company had lost 29.93% over the past month, lagging the Finance sector's gain of 1.48% and the S&P 500's gain of 0.71%.
Investors will be eagerly watching for the performance of Riot Platforms, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 4, 2026. The company is expected to report EPS of -$0.24, down 192.31% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $161.46 million, reflecting a 10.42% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$2.61 per share and revenue of $677.09 million, indicating changes of -33.85% and +4.58%, respectively, compared to the previous 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 witnessed a 3.74% increase. Right now, Riot Platforms, Inc. possesses a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 33% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.