A Peek at Marathon Digital Holdings's Future Earnings

Marathon Digital Holdings (NASDAQ:MARA) will release its quarterly earnings report on Tuesday, 2024-11-12. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Marathon Digital Holdings to report an earnings per share (EPS) of $-0.21.

Marathon Digital Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings Track Record

The company's EPS missed by $0.05 in the last quarter, leading to a 5.24% drop in the share price on the following day.

Here's a look at Marathon Digital Holdings's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.14

0.22

0.04

-0.11

EPS Actual

-0.19

1.26

-0.02

-0.09

Price Change %

-5.0%

-13.0%

-17.0%

8.0%

Performance of Marathon Digital Holdings Shares

Shares of Marathon Digital Holdings were trading at $19.25 as of November 08. Over the last 52-week period, shares are up 109.92%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Opinions on Marathon Digital Holdings

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Marathon Digital Holdings.

The consensus ...