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What's in the Offing for Riot Platforms Stock This Earnings Season?
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Key Takeaways
Riot Platforms is expected to report a 10.4% revenue decline and a wider year-over-year loss.
Rising network difficulty, mining costs and depreciation expenses may weigh on profitability.
Bitcoin price recovery and AMD lease revenues offer some support, but headwinds remain significant.
Riot Platforms, Inc. (RIOT - Free Report) is slated to report third-quarter 2026 results on Nov. 4, before the market opens. The company’s quarterly results are likely to display a year-over-year decrease in revenues and earnings per share (EPS).
In the last reported quarter, this bitcoin miner reported a loss of 68 cents per share, wider than the Zacks Consensus Estimate of a loss of 39 cents. The results were impacted by non-cash mark-to-market losses on RIOT’s Bitcoin holdings, and elevated depreciation and amortization expenses.
Over the preceding four quarters, RIOT’s EPS surpassed the Zacks Consensus Estimate once and missed in the remaining three, delivering an average negative surprise of 249.15%. This is depicted in the graph below:
Riot Platforms’ third-quarter 2026 performance is likely to have benefited from the recovery in Bitcoin prices during the July-September period, supporting mining revenues and potentially resulting in fair-value gains on its Bitcoin holdings.
However, rising network difficulty and higher mining costs may have partially offset these benefits. Elevated depreciation and data center development expenses could also have weighed on profitability. Continued Bitcoin sales to fund operations and capital expenditures are likely to have reduced its digital-asset reserves.
On the positive side, a full quarter of lease revenues from AMD’s initial 25-megawatt deployment, completed in May, is expected to have boosted high-margin recurring revenues.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $161.46 million, implying a 10.4% decrease from the prior-year quarter’s reported number.
RIOT’s activities in the to-be-reported quarter were inadequate in garnering analysts’ confidence. The Zacks Consensus Estimate for third-quarter EPS has remained unchanged at negative 34 cents over the past two months. It suggests a significant downward change from the year-ago quarter’s tally.
What Our Quantitative Model Predicts for RIOT
Our proven model does not conclusively predict a surprise in terms of EPS for RIOT this quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an EPS beat, which is not the case here.
RIOT has an Earnings ESP of 0.00% and currently carries a Zacks Rank of 3. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Stocks That Warrant a Look
Here are two stocks from the broader finance sector — Brookfield Asset Management Ltd. (BAM - Free Report) and Hut 8 Corp. (HUT - Free Report) — you may want to consider, as our model shows that these have the right combination of elements to report an EPS beat this quarter.
View the Zacks #1 Rank List
Image: Bigstock
What's in the Offing for Riot Platforms Stock This Earnings Season?
Key Takeaways
Riot Platforms, Inc. (RIOT - Free Report) is slated to report third-quarter 2026 results on Nov. 4, before the market opens. The company’s quarterly results are likely to display a year-over-year decrease in revenues and earnings per share (EPS).
In the last reported quarter, this bitcoin miner reported a loss of 68 cents per share, wider than the Zacks Consensus Estimate of a loss of 39 cents. The results were impacted by non-cash mark-to-market losses on RIOT’s Bitcoin holdings, and elevated depreciation and amortization expenses.
Over the preceding four quarters, RIOT’s EPS surpassed the Zacks Consensus Estimate once and missed in the remaining three, delivering an average negative surprise of 249.15%. This is depicted in the graph below:
Riot Platforms, Inc. Price and EPS Surprise
Riot Platforms, Inc. price-eps-surprise | Riot Platforms, Inc. Quote
RIOT: Factors at Play and Q3 Projections
Riot Platforms’ third-quarter 2026 performance is likely to have benefited from the recovery in Bitcoin prices during the July-September period, supporting mining revenues and potentially resulting in fair-value gains on its Bitcoin holdings.
However, rising network difficulty and higher mining costs may have partially offset these benefits. Elevated depreciation and data center development expenses could also have weighed on profitability. Continued Bitcoin sales to fund operations and capital expenditures are likely to have reduced its digital-asset reserves.
On the positive side, a full quarter of lease revenues from AMD’s initial 25-megawatt deployment, completed in May, is expected to have boosted high-margin recurring revenues.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $161.46 million, implying a 10.4% decrease from the prior-year quarter’s reported number.
RIOT’s activities in the to-be-reported quarter were inadequate in garnering analysts’ confidence. The Zacks Consensus Estimate for third-quarter EPS has remained unchanged at negative 34 cents over the past two months. It suggests a significant downward change from the year-ago quarter’s tally.
What Our Quantitative Model Predicts for RIOT
Our proven model does not conclusively predict a surprise in terms of EPS for RIOT this quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an EPS beat, which is not the case here.
RIOT has an Earnings ESP of 0.00% and currently carries a Zacks Rank of 3. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Stocks That Warrant a Look
Here are two stocks from the broader finance sector — Brookfield Asset Management Ltd. (BAM - Free Report) and Hut 8 Corp. (HUT - Free Report) — you may want to consider, as our model shows that these have the right combination of elements to report an EPS beat this quarter.
Brookfield Asset Management is slated to report quarterly numbers on Nov. 6. BAM has an Earnings ESP of +0.22% and a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Hut 8 is slated to report quarterly numbers on Nov. 4. HUT has an Earnings ESP of +24.7% and a Zacks Rank of 3 at present.