Marathon Digital Holdings (NASDAQ: NASDAQ:MARA) closed Friday's trading session with a 0.39% drop, finishing at $7.71 per share. This surpasses the losses recorded by major indices including the S&P 500, Dow, and Nasdaq, which fell by 0.85%, 0.75%, and 0.96% respectively. Over the past month, Marathon Digital's shares have seen a decline of 16.69%, a steeper fall than that of the Business Services sector and the S&P 500, which saw losses of 3.96% and 3.02% respectively.
Analysts are looking forward to Marathon Digital's upcoming earnings report, where they expect to see a per-share earning of -$0.05, representing an impressive YoY growth of 85.29%. The company is also projected to report revenue of $107.8 million, marking a staggering YoY increase of 749.5%.
In terms of full-year figures, the Zacks Consensus Estimates predict Marathon Digital will report -$0.20 per share earnings and revenue of $381.05 million. These figures indicate YoY changes of +89.07% and +223.62% respectively.
Despite these promising projections, the stagnant Zacks Consensus EPS estimate has kept Marathon Digital at a Zacks Rank of #4 (Sell). The Zacks Rank system has a proven track record of outperformance.
Marathon Digital operates within the Technology Services industry, which currently ranks in the top 33% of all industries according to Zacks Industry Rank. This industry outperforms the bottom half by a factor of two to one, holding a rank of 83.
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