Company Performance - Riot Platforms, Inc. closed at $22.19, with a daily increase of +2.26%, outperforming the S&P 500's loss of 0.16% [1] - The company's shares have increased by 30.1% over the last month, significantly surpassing the Finance sector's loss of 1.81% and the S&P 500's gain of 1.14% [1] Upcoming Earnings - The upcoming earnings release is highly anticipated, with projected earnings per share (EPS) of -$0.19, reflecting a 64.81% increase from the same quarter last year [2] - Revenue is forecasted to be $164.67 million, indicating a 94.21% growth compared to the same quarter of the previous year [2] Full Year Projections - For the full year, earnings are projected at -$0.67 per share, representing a change of -297.06% from the prior year [3] - Revenue for the full year is estimated at $662.78 million, which would indicate a growth of +75.96% from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts are important, as they reflect changing business trends and can indicate a favorable outlook on the company's health and profitability [4] - The Zacks Rank system, which assesses these estimate changes, currently ranks Riot Platforms, Inc. at 3 (Hold) [6] Industry Context - Riot Platforms, Inc. operates within the Financial - Miscellaneous Services industry, which has a Zacks Industry Rank of 95, placing it in the top 39% of over 250 industries [7] - The top 50% rated industries are shown to outperform the bottom half by a factor of 2 to 1 [7]
Why the Market Dipped But Riot Platforms, Inc. (RIOT) Gained Today