Marathon Digital Holdings, Inc. (MARA) Falls More Steeply Than Broader Market: What Investors Need to Know

In the latest trading session, Marathon Digital Holdings, Inc. (MARA) closed at $18.76, marking a -2.34% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.4% for the day. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, added 0.18%. Heading into today, shares of the company had gained 25.39% over the past month, outpacing the Finance sector's gain of 4.41% and the S&P 500's gain of 4.97%.Market participants will be closely following the financial results of Marathon Digital Holdings, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.49, signifying a 104.17% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $220.24 million, showing a 51.74% escalation compared to the year-ago quarter. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$2.36 per share and revenue of $897.93 million, indicating changes of -237.21% and +36.8%, respectively, compared to the previous year. Investors should also note any recent changes to analyst estimates for Marathon Digital Holdings, 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. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.82% higher. Currently, Marathon Digital Holdings, Inc. is carrying a Zacks Rank of #3 (Hold). The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% 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. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Should You Invest in Marathon Digital Holdings, Inc. (MARA)?Before you invest in Marathon Digital Holdings, Inc. (MARA), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks