Will Riot Platforms, Inc. (RIOT) Report Negative Earnings Next Week? What You Should Know

Core Viewpoint - Riot Platforms, Inc. is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the earnings report expected on October 30, 2024, potentially influencing the stock price based on actual results compared to estimates [1] Revenue and Earnings Estimates - The company is projected to post a quarterly loss of $0.17 per share, reflecting a year-over-year change of +32% [2] - Revenues are expected to reach $93 million, representing a 79.2% increase from the same quarter last year [2] Estimate Revisions Trend - The consensus EPS estimate has been revised 3.37% lower in the last 30 days, indicating a reassessment by analysts [3] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -30.81%, suggesting a bearish outlook from analysts [4][6] - The stock currently holds a Zacks Rank of 3, complicating predictions of an earnings beat [6] Historical Performance - In the last reported quarter, the company was expected to post a loss of $0.16 per share but actually reported a loss of $0.32, resulting in a surprise of -100% [7] - Over the past four quarters, Riot Platforms has beaten consensus EPS estimates three times [7] Conclusion - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [8] - While the company does not appear to be a compelling earnings-beat candidate, monitoring other factors is essential for investment decisions [8]