Marathon Digital Holdings, Inc. (MARA) Stock Drops Despite Market Gains: Important Facts to Note

Marathon Digital Holdings, Inc. (MARA) closed at $19.56 in the latest trading session, marking a -1.76% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.88% for the day. On the other hand, the Dow registered a gain of 1.24%, and the technology-centric Nasdaq increased by 0.65%.Heading into today, shares of the company had gained 3.43% over the past month, outpacing the Business Services sector's gain of 0.03% and the S&P 500's gain of 1.17% in that time.The investment community will be closely monitoring the performance of Marathon Digital Holdings, Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.30, down 1400% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $187.03 million, indicating a 19.3% increase compared to the same quarter of the previous year.It is also important to note the recent changes to analyst estimates for Marathon Digital Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.66% increase. Marathon Digital Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 65, placing it within the top 26% of over 250 industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks