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Riot Platforms, Inc. (RIOT) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Riot Platforms, Inc. (RIOT - Free Report) closed at $6.14, marking a -1.76% move from the previous day. This change lagged the S&P 500's daily loss of 0.47%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq lost 15.51%.
Prior to today's trading, shares of the company had lost 0.32% over the past month. This has was narrower than the Business Services sector's loss of 3.34% and the S&P 500's loss of 2.53% in that time.
Wall Street will be looking for positivity from Riot Platforms, Inc. as it approaches its next earnings report date. In that report, analysts expect Riot Platforms, Inc. to post earnings of -$0.14 per share. This would mark year-over-year growth of 46.15%. Our most recent consensus estimate is calling for quarterly revenue of $57.53 million, down 36.71% from the year-ago period.
Any recent changes to analyst estimates for Riot Platforms, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate has moved 93.62% lower within the past month. Riot Platforms, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 148, which puts it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
To follow RIOT in the coming trading sessions, be sure to utilize Zacks.com.
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Riot Platforms, Inc. (RIOT) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Riot Platforms, Inc. (RIOT - Free Report) closed at $6.14, marking a -1.76% move from the previous day. This change lagged the S&P 500's daily loss of 0.47%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq lost 15.51%.
Prior to today's trading, shares of the company had lost 0.32% over the past month. This has was narrower than the Business Services sector's loss of 3.34% and the S&P 500's loss of 2.53% in that time.
Wall Street will be looking for positivity from Riot Platforms, Inc. as it approaches its next earnings report date. In that report, analysts expect Riot Platforms, Inc. to post earnings of -$0.14 per share. This would mark year-over-year growth of 46.15%. Our most recent consensus estimate is calling for quarterly revenue of $57.53 million, down 36.71% from the year-ago period.
Any recent changes to analyst estimates for Riot Platforms, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate has moved 93.62% lower within the past month. Riot Platforms, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 148, which puts it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
To follow RIOT in the coming trading sessions, be sure to utilize Zacks.com.