Marathon Digital Drops 2.18% with 19.4% Monthly Decline Ahead of EPS Forecast
Marathon Digital Holdings slipped 2.18% to close at $8.06, underperforming the S&P 500’s 0.47% gain and marking a 19.37% decline over the past month. Analysts forecast next-quarter EPS of -$0.23, down 118.55% year-over-year, on revenue of $238.43 million, up 11.21%.
1. Price Performance
Shares of Marathon Digital closed at $8.06, down 2.18% on the day, trailing the S&P 500’s 0.47% gain, the Dow’s 0.04% increase and the Nasdaq’s 0.9% rise. The stock has slid 19.37% over the past month, underperforming the Finance sector’s 0.35% gain and the S&P 500’s 0.16% loss in the same period.
2. Upcoming Earnings Expectations
For the upcoming quarter, analysts predict EPS of -$0.23, a 118.55% drop versus the prior year’s quarter, alongside revenue of $238.43 million, up 11.21% year-over-year. Full-year projections call for EPS of -$0.23 and revenue of $942.28 million, reflecting a 43.56% revenue increase.
3. Analyst Ranking and Industry Context
Marathon holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate unchanged over the past month. Its industry ranks 78th, placing Marathon in the top 32% of over 250 Finance-sector groups based on average analyst ratings.