Marathon Digital Holdings, Inc. MARA is slated to report its first-quarter 2024 results on Might 9, after the bell.
The corporate’s earnings shock historical past has not been spectacular. It delivered a trailing four-quarter damaging earnings shock of 107.1% on common.
Marathon Digital Holdings, Inc. Worth and EPS Shock
Marathon Digital Holdings, Inc. price-eps-surprise | Marathon Digital Holdings, Inc. Quote
Q1 Expectations
The Zacks Consensus Estimate for revenues within the to-be-reported quarter is pegged at $193.9 million, indicating a greater than 100% enhance from the year-ago quarter’s precise determine. The consensus mark for the underside line is pegged at 2 cents per share. The corporate reported a lack of 3 cents per share within the year-ago quarter.
Marathon Digital’s efficiency within the quarter is predicted to have been positively impacted by a rise in bitcoin manufacturing and higherbitcoin priceson a year-over-year foundation.
What Our Mannequin Says
Our confirmed mannequin predicts a probable earnings beat for Marathon Digital this time round. The mix of a optimistic Earnings ESP and a Zacks Rank #1 (Robust Purchase), 2 (Purchase) or 3 (Maintain) will increase the chances of an earnings beat. You may uncover the very best shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Marathon Digital has an Earnings ESP of +120.00% and a Zacks Rank #3.
Different Shares That Warrant a Look
Listed below are a couple of different shares from the broader Business Services sector, which, based on our mannequin, even have the fitting mixture of parts to beat on earnings this season.
AppLovin APP: The Zacks Consensus Estimate for the corporate’s first-quarter 2024 revenues is pegged at $970.5 million, indicating 35.7% progress from the year-ago quarter. For earnings, the consensus mark is pegged at 57 cents per share, suggesting a greater than 100% rise from the year-ago quarter. The corporate has a mean shock of 26.5%.
APP at the moment has an Earnings ESP of +4.39% and a Zacks Rank of three. The corporate is scheduled to declare its first-quarter outcomes on Might 8. You may see the complete list of today’s Zacks #1 Rank stocks here.
CareMax CMAX: The Zacks Consensus Estimate for the corporate’s first-quarter 2024 revenues is pegged at $215.6 million, up 24.6% from the year-ago quarter. The consensus mark for earnings loss is pegged at $8.7 per share, suggesting a decline of 61.4% from the year-ago quarter’s precise. The corporate has a mean damaging shock of 110.8%.
CMAX at the moment has an Earnings ESP of +4.76% and a Zacks Rank of three. The corporate is scheduled to publish its first-quarter outcomes on Might 8.
Keep on prime of upcoming earnings bulletins with the Zacks Earnings Calendar.
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