Marathon Digital (MARA) to Post Q2 Earnings: What's in Store?
Marathon Digital Holdings, Inc. MARA is slated to report its second-quarter 2023 results on Aug 8, after the bell.
The company’s earnings surprise history has not been impressive. It delivered a trailing four-quarter negative earnings surprise of 34.3% on average.
Marathon Digital Holdings, Inc. Price and EPS Surprise
Marathon Digital Holdings, Inc. price-eps-surprise | Marathon Digital Holdings, Inc. Quote
Q2 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $83.2 million, indicating a more than 100% increase from the year-ago quarter’s actual figure. The consensus mark for the bottom line is pegged at a loss of 3 cents per share. The company reported a loss of 61 cents per share in the year-ago quarter.
Marathon Digital's performance in the quarter is expected to have been positively impacted by an increase in bitcoin production and higher bitcoin prices on a year-over-year basis.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Marathon Digital this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Marathon Digital has an Earnings ESP of -110.00% and a Zacks Rank #4 (Sell).
Stocks That Warrant a Look
Here are a couple of stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
Everi Holdings EVRI currently has an Earnings ESP of +2.07% and a Zacks Rank of 2. The company is slated to declare its second-quarter results on Aug 9. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for the bottom line is pegged at 24 cents per share, down 27.3% from the year-ago reported figure. The consensus mark for revenues is pegged at $207.65 million, up 5.3% from the prior-year reported figure. EVRI has an average earnings surprise of 26.8% in the previous four quarters.
DLocal Limited DLO currently has an Earnings ESP of +12.50% and a Zacks Rank of 2. The company is scheduled to post its second-quarter numbers on Aug 15.
DLO has an expected earnings growth rate of 54.1% for fiscal 2023.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Everi Holdings Inc. (EVRI) : Free Stock Analysis Report
Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report
DLocal Limited (DLO) : Free Stock Analysis Report
