Marathon Digital Holdings closed at $9.68, down 2.37% on a day when the S&P 500 gained 0.6%, the Dow added 0.83% and the Nasdaq rose 0.64%. The stock has fallen 13.3% over the past month, trailing the Finance sector's 3.99% loss and the S&P 500's 1.34% gain. Ahead of its upcoming earnings release, the consensus estimate calls for an EPS of -$0.04, an 87.5% improvement from the same quarter a year earlier, on revenue of $204.88 million, down 18.83% year over year. For the full fiscal year, the Zacks Consensus Estimates project earnings of -$5.25 per share and revenue of $795.44 million, changes of -42.28% and -12.31% respectively from the prior year. Over the last 30 days the consensus EPS estimate has moved 36.17% higher, and Marathon Digital currently carries a Zacks Rank of #3 (Hold).
Marathon Digital Holdings IncEarnings preview shows consensus EPS improving 87.5% YoY to -$0.04 but revenue down 18.83% YoY, with full-year estimates worsening; mixed signals ahead of the release.
