Riot Platforms, Inc. (RIOT) Increases Despite Market Slip: Here's What You Need to Know

Riot Platforms, Inc. (RIOT) ended the recent trading session at $11.99, demonstrating a +0.93% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.76% loss on the day. Elsewhere, the Dow lost 0.28%, while the tech-heavy Nasdaq lost 1.2%.Heading into today, shares of the company had lost 3.73% over the past month, lagging the Business Services sector's gain of 6.39% and the S&P 500's gain of 2.71% in that time.Analysts and investors alike will be keeping a close eye on the performance of Riot Platforms, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.27, indicating a 156.25% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $129.25 million, reflecting a 63.96% rise from the equivalent quarter last year.Investors should also take note of any recent adjustments to analyst estimates for Riot Platforms, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 17.67% increase. Right now, Riot Platforms, Inc. possesses a Zacks Rank of #2 (Buy).The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 87, finds itself in the top 35% echelons of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks 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 Riot Platforms, Inc. (RIOT): 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