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Marathon Digital Holdings, Inc. (MARA) Gains But Lags Market: What You Should Know

·2 min read

Marathon Digital Holdings, Inc. (MARA) closed at $8.04 in the latest trading session, marking a +0.5% move from the prior day. This move lagged the S&P 500's daily gain of 1.92%. Meanwhile, the Dow gained 2.15%, and the Nasdaq, a tech-heavy index, added 0.16%.

Prior to today's trading, shares of the company had gained 21.77% over the past month. This has outpaced the Business Services sector's gain of 2.11% and the S&P 500's gain of 1.54% in that time.

Wall Street will be looking for positivity from Marathon Digital Holdings, Inc. as it approaches its next earnings report date. In that report, analysts expect Marathon Digital Holdings, Inc. to post earnings of -$0.18 per share. This would mark a year-over-year decline of 205.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $41.1 million, up 40.18% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.07 per share and revenue of $308.43 million, which would represent changes of -104.12% and +104.98%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Marathon Digital Holdings, Inc.Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 107.03% lower. Marathon Digital Holdings, Inc. is holding a Zacks Rank of #4 (Sell) right now.

The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 130, putting it in the bottom 49% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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