Marathon Digital Holdings, Inc. (MARA) Laps the Stock Market: Here's Why

Marathon Digital Holdings, Inc. (MARA) closed at $15.27 in the latest trading session, marking a +1.94% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.8% for the day. Meanwhile, the Dow gained 0.94%, and the Nasdaq, a tech-heavy index, added 0.97%.

Shares of the company witnessed a gain of 0.81% over the previous month, trailing the performance of the Finance sector with its gain of 2.69%, and the S&P 500's gain of 5.12%.

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Investors will be eagerly watching for the performance of Marathon Digital Holdings, Inc. in its upcoming earnings disclosure. In that report, analysts expect Marathon Digital Holdings, Inc. to post earnings of -$0.41 per share. This would mark a year-over-year decline of 70.83%. Meanwhile, our latest consensus estimate is calling for revenue of $217.59 million, up 49.92% from the prior-year quarter.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.76 per share and a revenue of $890.83 million, representing changes of -202.33% and +35.72%, respectively, from the prior year.

Any recent changes to analyst estimates for Marathon Digital Holdings, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 28.28% higher. Marathon Digital Holdings, Inc. presently features a Zacks Rank of #3 (Hold).

The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 37% echelons of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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