Marathon Digital Holdings, Inc. MARA is slated to report its first-quarter 2024 results on May 9, after the bell.
The company’s earnings surprise history has not been impressive. It delivered a trailing four-quarter negative earnings surprise of 107.1% on average.
Marathon Digital Holdings, Inc. Price and EPS Surprise 
Marathon Digital Holdings, Inc. price-eps-surprise | Marathon Digital Holdings, Inc. Quote
Q1 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $193.9 million, indicating a more than 100% increase from the year-ago quarter’s actual figure. The consensus mark for the bottom line is pegged at 2 cents per share. The company reported a loss of 3 cents per share in the year-ago quarter.
Marathon Digital’s performance in the quarter is expected to have been positively impacted by an increase in bitcoin production and higherbitcoin priceson a year-over-year basis.
What Our Model Says
Our proven model predicts a likely earnings beat for Marathon Digital this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Marathon Digital has an Earnings ESP of +120.00% and a Zacks Rank #3.
Other Stocks That Warrant a Look
Here are a few other stocks from the broader Business Services sector, which, according to our model, also have the right combination of elements to beat on earnings this season.
AppLovin APP: The Zacks Consensus Estimate for the company’s first-quarter 2024 revenues is pegged at $970.5 million, indicating 35.7% growth from the year-ago quarter. For earnings, the consensus mark is pegged at 57 cents per share, suggesting a more than 100% rise from the year-ago quarter. The company has an average surprise of 26.5%.
APP currently has an Earnings ESP of +4.39% and a Zacks Rank of 3. The company is scheduled to declare its first-quarter results on May 8. You can see the complete list of today’s Zacks #1 Rank stocks here.
CareMax CMAX: The Zacks Consensus Estimate for the company’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 actual. The company has an average negative surprise of 110.8%.
CMAX currently has an Earnings ESP of +4.76% and a Zacks Rank of 3. The company is scheduled to post its first-quarter results on May 8.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks’ free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
AppLovin Corporation (APP) : Free Stock Analysis Report
Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report
CareMax, Inc. (CMAX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
