Riot Platforms, Inc. (RIOT) Surpasses Q3 Earnings and Revenue Estimates

Core Insights - Riot Platforms, Inc. reported quarterly earnings of $0.26 per share, exceeding the Zacks Consensus Estimate of a loss of $0.19 per share, and showing improvement from a loss of $0.54 per share a year ago [1] - The company achieved revenues of $180.23 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 7.31% and significantly up from $84.79 million year-over-year [2] - Riot Platforms, Inc. shares have increased approximately 117.1% since the beginning of the year, outperforming the S&P 500's gain of 17.2% [3] Earnings Performance - The company has surpassed consensus EPS estimates three times over the last four quarters [2] - The recent earnings surprise of +236.84% indicates strong performance compared to previous expectations [1] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - Current consensus EPS estimate for the upcoming quarter is -$0.19 on revenues of $175.21 million, and for the current fiscal year, it is -$0.67 on revenues of $657.98 million [7] Industry Context - The Financial - Miscellaneous Services industry, to which Riot Platforms, Inc. belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]