Marathon Digital Holdings, Inc. (MARA – Free Report) ended the recent trading session at $12.97, demonstrating a -1.59% swing from the preceding day’s closing price. This change lagged the S&P 500’s daily gain of 0.64%. Meanwhile, the Dow gained 0.85%, and the Nasdaq, a tech-heavy index, added 0.31%.
Shares of the company witnessed a loss of 22.01% over the previous month, trailing the performance of the Business Services sector with its loss of 10.4% and the S&P 500’s loss of 7.69%.
Analysts and investors alike will be keeping a close eye on the performance of Marathon Digital Holdings, Inc. in its upcoming earnings disclosure. On that day, Marathon Digital Holdings, Inc. is projected to report earnings of -$0.14 per share, which would represent a year-over-year decline of 133.33%. Simultaneously, our latest consensus estimate expects the revenue to be $237.82 million, showing a 43.96% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.42 per share and revenue of $1 billion. These totals would mark changes of -124.42% and +52.83%, respectively, from last year.
Any recent changes to analyst estimates for Marathon Digital Holdings, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company’s business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 25.11% higher. Marathon Digital Holdings, Inc. is currently a Zacks Rank #3 (Hold).
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 67, putting it in the top 27% of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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