Marathon(US:MARA) ZACKSยท2024-11-07 23:51Company Performance - Marathon Digital Holdings, Inc. (MARA) closed at $19.31, reflecting a -0.05% change from the previous session, underperforming the S&P 500's daily gain of 0.74% [1] - Over the past month, shares of the company have appreciated by 25.13%, outperforming the Business Services sector's gain of 9.12% and the S&P 500's gain of 3.16% [1] Earnings Expectations - The company is expected to release earnings on November 12, 2024, with analysts predicting earnings of -$0.38 per share, indicating a year-over-year decline of 660% [2] - The consensus estimate for revenue is $148.14 million, representing a 51.39% increase from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, Zacks Consensus Estimates project earnings of -$0.21 per share and revenue of $556.03 million, reflecting changes of -223.53% and +43.49% respectively from the prior year [3] Analyst Estimates - Recent changes to analyst estimates for Marathon Digital Holdings, Inc. indicate short-term business trends, with positive revisions suggesting analysts' confidence in the company's performance [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Marathon Digital Holdings, Inc. as 3 (Hold) [6] Industry Context - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 70, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]