Financial Performance - Marathon Digital Holdings, Inc. reported a quarterly loss of $0.32 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.26, but an improvement from a loss of $0.38 per share a year ago [1] - The company posted revenues of $252.41 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 3.01% and significantly up from $131.65 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus revenue estimates three times [2] Stock Performance and Outlook - Marathon Digital shares have increased by approximately 6.2% since the beginning of the year, while the S&P 500 has gained 16.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is -$0.32 on revenues of $255.11 million, and -$0.58 on revenues of $951.56 million for the current fiscal year [7] Industry Context - The Financial - Miscellaneous Services industry, to which Marathon Digital belongs, is currently ranked in the top 32% 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]