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Marathon Digital (MARA) Prepares for Q1 Earnings: Can They Break the Surprise Slump?

Marathon Digital Holdings (MARA) is set to report its first-quarter 2024 results after the closing bell on May 9th. Investors will be watching closely to see if the company can overcome its history of negative earnings surprises, which averaged a staggering 107.1% over the past four quarters.

Reasons for Optimism:

  • Revenue Growth: Analysts predict a significant revenue jump compared to the same period last year. The Zacks Consensus Estimate for Q1 2024 revenue sits at $193.9 million, reflecting a potential increase of over 100%.

  • Improved Profitability: The consensus EPS (earnings per share) forecast is 2 cents, which, while modest, would represent a positive shift compared to the Q1 2023 loss of 3 cents per share.

  • Favorable Market Conditions: Higher Bitcoin prices and increased production throughout Q1 are expected to have positively impacted Marathon Digital's performance.

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Key Questions for Investors:

  • Will Marathon Digital finally deliver a positive earnings surprise in Q1?

  • Can the company's production and revenue growth outpace previous trends?

  • How will the company address its history of negative earnings surprises?

The upcoming earnings report offers a crucial opportunity for Marathon Digital to demonstrate improved financial health and potentially shift investor sentiment.


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