Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the siz ...

The market expects Riot Platforms, Inc. (RIOT) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be r ...

Acquisition adds 60 Megawatts ("MW") of current operational capacity with the potential to quickly expand to 110 MW this year under existing agreements, and a pipeline to build to over 300 MW in Kentucky Transaction immediately adds 1 EH/s to Riot's existing self-mining hash rate with a potential to add up to a total of 16 EH/s by the end of 2025 Expands Riot's operating footprint into Kentucky with an experienced on-the-ground management team Block Mining is a vertically integrated Bitcoin miner consisting ...

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outsideaudited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the pas ...

About Riot Platforms, Inc. This conference call will be available through the audio webcast, please use this link here to register. Additionally, participants can join the conference call by dialing 1-877-407-0779 within the United States or by dialing 1-201-389-0914 internationally. A replay of the conference call will be available after the call ends, through this link. For more information, visit www.riotplatforms.com. Statements in this press release that are not historical facts are forward-looking sta ...

Riot Platforms, Inc. (RIOT) has seen its stock decline 19.7% year to date. This drop stands in stark contrast to the 21% rise in the industry it belongs to, as well as a 16.1% increase in the Zacks S&P 500 composite. When compared to other cryptocurrency-centric stocks, RIOT's performance is notably poorer. Cipher Mining (CIFR) has surged 64.1% and Marathon Digital (MARA) has gained 8.8% over the same period. Zacks Investment Research Image Source: Year-to-Date Price Performance Most cryptocurrency-centric ...

In the latest trading session, Riot Platforms, Inc. (RIOT) closed at $9.16, marking a +0.22% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.02% for the day. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 1.18%. It's also important for investors to be aware of any recent modifications to analyst estimates for Riot Platforms, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Riot Platforms, Inc. (RIOT) . Riot Platforms, Inc. currently has ...

Shares of the company have depreciated by 11.19% over the course of the past month, underperforming the Business Services sector's gain of 1.04% and the S&P 500's gain of 2.83%. It's also important for investors to be aware of any recent modifications to analyst estimates for Riot Platforms, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitabi ...

But today, Riot's stock trades at about $9.50. A $10,000 investment in its stock would have briefly blossomed to $95,232 before withering to about $11,600 today. The same investment in Bitcoin would have grown to $149,000. Let's see why Riot underperformed Bitcoin by such a wide margin -- and whether it still has a shot at generating millionaire-making gains in the future. | --- | --- | --- | --- | --- | |----------------------|---------------|----------------|----------------|----------------| | Metric | 2 ...