Here's Why Marathon Digital Holdings, Inc. (MARA) Fell More Than Broader Market

Company Performance - Marathon Digital Holdings, Inc. (MARA) ended the latest trading session at $16.14, reflecting a -1.65% change from the previous close, which is less than the S&P 500's daily loss of 0.19% [1] - The stock has decreased by 7.55% over the past month, underperforming the Business Services sector's gain of 4.37% and the S&P 500's gain of 1.95% [1] Upcoming Earnings - The company is projected to report earnings of -$0.34 per share, indicating a year-over-year decline of 580% [2] - Revenue is expected to be $157.52 million, representing a 60.98% increase compared to the same quarter last year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of -$0.22 per share and revenue of $652.57 million, reflecting changes of -229.41% and +68.4% respectively compared to the previous year [3] Analyst Revisions - Recent revisions to analyst forecasts for Marathon Digital Holdings, Inc. should be monitored, as they reflect short-term business trends and can indicate analysts' confidence in the company's performance [4] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Marathon Digital Holdings, Inc. at 4 (Sell) [6] - Over the last 30 days, the Zacks Consensus EPS estimate has decreased by 1.92% [6] - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 68, placing it in the top 27% of over 250 industries [7]