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Here is What to Know Beyond Why Marathon Digital Holdings, Inc. (MARA) is a Trending Stock
MarathonMarathon(US:MARA) Zacks Investment Researchยท2024-05-15 14:02

Core Viewpoint - Marathon Digital Holdings, Inc. (MARA) has gained attention as one of the most searched stocks, with significant factors influencing its stock performance in the near future [1]. Earnings Estimates - For the current quarter, Marathon Digital is expected to report a loss of $0.03 per share, reflecting a year-over-year change of +76.9% [5]. - The Zacks Consensus Estimate for the current fiscal year is $0.27, indicating a year-over-year change of +58.8% [5]. - For the next fiscal year, the consensus earnings estimate is $0.47, representing a change of +74.1% from the previous year [6]. - The recent changes in earnings estimates have resulted in a Zacks Rank 3 (Hold) for Marathon Digital, suggesting it may perform in line with the broader market [7]. Revenue Growth Forecast - The consensus sales estimate for the current quarter is $189.67 million, indicating a year-over-year change of +132% [10]. - For the current fiscal year, the sales estimate is $771.21 million, reflecting a +99% change, while the next fiscal year estimate is $1.05 billion, indicating a +36% change [10]. Last Reported Results and Surprise History - In the last reported quarter, Marathon Digital generated revenues of $165.2 million, a year-over-year increase of +223.1% [11]. - The EPS for the same period was -$0.06, compared to -$0.03 a year ago, and the company did not meet consensus EPS estimates in any of the last four quarters [11][12]. Valuation - Marathon Digital is graded D in terms of valuation, indicating it is trading at a premium compared to its peers [16]. - The assessment of valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) is crucial for determining the stock's intrinsic value [14].