Marathon Digital Holdings, Inc. (MARA) Shares Fall As Market Gains: What You Need To Know
Marathon Digital Holdings, Inc. (MARA) closed on the last trading day at $ 27.69, or -0.36% from the previous trading session. This change was smaller than the S&P 500’s 1.13% gain on the day.
As of today, the company’s shares had gained 4.83% over the past month. At the same time, the business services sector lost 14.6%, while the S&P 500 gained 2.39%.
Investors are hoping for strength from MARA as the next publication of its results approaches. In this report, analysts expect MARA to post earnings of $ 0.23 per share. That would mark year-over-year growth of 276.92%. Meanwhile, our latest consensus estimate projects revenue of $ 40.05 million, up 13,710.34% from the previous year’s quarter.
For the full year, our Zacks consensus estimates suggest analysts expect earnings of $ 2.28 per share and revenue of $ 242.35 million. These totals would mark changes of + 2000% and + 5462.33%, respectively, from a year ago.
Investors might also notice recent changes in analyst estimates for MARA. These revisions help show the ever-changing nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
Zacks’ ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a track record of remarkable and externally verified success, with the No.1 stocks generating an average annual return of + 25% since 1988. Zacks Consensus’s EPS estimate rose 19.21% during the month latest. MARA currently has a Zacks rank of # 5 (strong sell).
In terms of valuation, MARA is currently trading at a forward P / E ratio of 12.19. This represents a discount to its industry’s average forward P / E of 32.78.
The technology services industry is part of the business services sector. This industry currently has a Zacks Industry Rank of 216, which places it in the lowest 15% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Com to track all of these stock market metrics, and more, over future trading sessions.
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