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Riot Platforms, Inc. (RIOT) Rises Higher Than Market: Key Facts
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In the latest trading session, Riot Platforms, Inc. (RIOT - Free Report) closed at $12.24, marking a +1.75% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 1.08% for the day. Elsewhere, the Dow saw an upswing of 0.32%, while the tech-heavy Nasdaq appreciated by 1.58%.
Shares of the company witnessed a gain of 25.97% over the previous month, beating the performance of the Business Services sector with its loss of 3.28% and the S&P 500's gain of 0.43%.
Analysts and investors alike will be keeping a close eye on the performance of Riot Platforms, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.16, reflecting a 5.88% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $71.08 million, showing a 7.38% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.29 per share and revenue of $363.72 million. These totals would mark changes of +203.57% and +29.58%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Riot Platforms, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Riot Platforms, Inc. is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Riot Platforms, Inc. is holding a Forward P/E ratio of 41.48. This indicates a premium in contrast to its industry's Forward P/E of 23.07.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 144, placing it within the bottom 43% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Riot Platforms, Inc. (RIOT) Rises Higher Than Market: Key Facts
In the latest trading session, Riot Platforms, Inc. (RIOT - Free Report) closed at $12.24, marking a +1.75% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 1.08% for the day. Elsewhere, the Dow saw an upswing of 0.32%, while the tech-heavy Nasdaq appreciated by 1.58%.
Shares of the company witnessed a gain of 25.97% over the previous month, beating the performance of the Business Services sector with its loss of 3.28% and the S&P 500's gain of 0.43%.
Analysts and investors alike will be keeping a close eye on the performance of Riot Platforms, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.16, reflecting a 5.88% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $71.08 million, showing a 7.38% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.29 per share and revenue of $363.72 million. These totals would mark changes of +203.57% and +29.58%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Riot Platforms, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Riot Platforms, Inc. is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Riot Platforms, Inc. is holding a Forward P/E ratio of 41.48. This indicates a premium in contrast to its industry's Forward P/E of 23.07.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 144, placing it within the bottom 43% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.