Marathon Digital (MARA) Scheduled to Post Earnings on Thursday

Marathon Digital (NASDAQ:MARA) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Marathon Digital to post earnings of $0.02 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Marathon Digital (NASDAQ:MARA) last announced its quarterly earnings results on Wednesday, February 28th. The business services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). The firm had revenue of $156.77 million for the quarter, compared to analysts’ expectations of $138.15 million. Marathon Digital had a net margin of 48.93% and a negative return on equity of 4.61%. On average, analysts expect Marathon Digital to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Marathon Digital Stock Performance

Shares of Marathon Digital stock opened at $20.21 on Wednesday. The firm has a market cap of $5.52 billion, a P/E ratio of 24.06 and a beta of 5.38. The company has a current ratio of 30.50, a quick ratio of 30.51 and a debt-to-equity ratio of 0.20. Marathon Digital has a 12 month low of $7.16 and a 12 month high of $34.09. The stock’s fifty day moving average price is $19.82 and its 200-day moving average price is $18.45.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Marathon Digital from $16.00 to $16.50 and gave the company an “underweight” rating in a research note on Wednesday, April 10th. Chardan Capital raised their price target on Marathon Digital from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. StockNews.com raised Marathon Digital from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. HC Wainwright reissued a “buy” rating and issued a $35.00 price target on shares of Marathon Digital in a report on Tuesday, March 19th. Finally, BTIG Research raised Marathon Digital from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Marathon Digital has a consensus rating of “Hold” and a consensus target price of $21.11.

Marathon Digital Company Profile

Marathon Digital Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Patent Group, Inc and changed its name to Marathon Digital Holdings, Inc in February 2021. Marathon Digital Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.