Riot Platforms, Inc. (RIOT) closed the latest trading day at $7.22, indicating a +0.7% change from the previous session's end. The stock lagged the S&P 500's daily gain of 1.7%. At the same time, the Dow added 1.26%, and the tech-heavy Nasdaq gained 2.51%. Heading into today, shares of the company had lost 14.13% over the past month, lagging the Business Services sector's gain of 6.45% and the S&P 500's gain of 1.27% in that time. Analysts and investors alike will be keeping a close eye on the performance o ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? 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 an averag ...

Riot Produces 322 Bitcoin in August 2024 and Exceeds 10,000 Bitcoin Held CASTLE ROCK, Colo., Sept. 5, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announces unaudited production and operations updates for August 2024. Riot is currently developing Phase 1 (400 MW) of the Company's Corsicana Facility.Riot is currently developing Phase 1 (400 MW) of the Company's Corsicana Facility. Building B1 at Riot's ...

Riot Platforms, Inc. (RIOT) reported $70.02 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 8.8%. EPS of -$0.32 for the same period compares to -$0.17 a year ago. The reported revenue represents a surprise of -0.63% over the Zacks Consensus Estimate of $70.46 million. With the consensus EPS estimate being -$0.16, the EPS surprise was -100.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Riot Platforms, Inc. (RIOT) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this company would post a loss of $0.21 per share when it actually produced earnings of $0.81, delivering a surprise of 485.71%. Over the last four quarters, the company has ...

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 ...