Marathon Digital (MARA) Set to Announce Quarterly Earnings on Thursday

Marathon Digital (NASDAQ:MARA) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Marathon Digital (NASDAQ:MARA) last issued its earnings results on Wednesday, February 28th. The business services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.07). Marathon Digital had a negative return on equity of 4.61% and a net margin of 48.93%. The firm had revenue of $156.77 million during the quarter, compared to analysts’ expectations of $138.15 million. 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 Up 18.0 %

Shares of NASDAQ:MARA opened at $20.67 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 30.51 and a current ratio of 30.50. Marathon Digital has a 1 year low of $7.16 and a 1 year high of $34.09. The stock has a 50-day simple moving average of $20.02 and a 200-day simple moving average of $18.36. The stock has a market capitalization of $5.64 billion, a P/E ratio of 24.61 and a beta of 5.38.

Analysts Set New Price Targets

MARA has been the subject of a number of research reports. HC Wainwright reaffirmed a “buy” rating and set a $35.00 price target on shares of Marathon Digital in a research report on Tuesday, March 19th. StockNews.com raised shares of Marathon Digital from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. boosted their target price on shares of Marathon Digital from $16.00 to $16.50 and gave the stock an “underweight” rating in a research report on Wednesday, April 10th. BTIG Research raised shares of 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. Finally, Chardan Capital upped their price objective on shares of Marathon Digital from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Marathon Digital presently has an average rating of “Hold” and an average target price of $21.11.

About Marathon Digital

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.