Riot Platforms, Inc. (RIOT) has demonstrated significant market outperformance, closing up 2.42% and surging 41.16% over the past month, well ahead of the S&P 500 and the broader Finance sector. Analysts project the company's upcoming Q1 earnings to show a 64.81% year-over-year EPS improvement to -$0.19 and a 94.21% revenue increase to $164.67 million. For the full fiscal year, revenue is forecast to grow 75.96% to $662.78 million, despite an expected full-year EPS of -$0.67, with recent positive analyst estimate revisions signaling optimism.
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ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. If you wish to go to ZacksTrade, click OK. If you do not, click Cancel. Riot Platforms, Inc. (RIOT) Outperforms Broader Market: What You Need to Know Read MoreHide Full Article Riot Platforms, Inc. (RIOT - Free Report) closed at $21.99 in the latest trading session, marking a +2.42% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.58%. The company's stock has climbed by 41.16% in the past month, exceeding the Finance sector's gain of 1.07% and the S&P 500's gain of 3.68%. Analysts and investors alike will be keeping a close eye on the performance of Riot Platforms, Inc. in its upcoming earnings disclosure. In that report, analysts expect Riot Platforms, Inc. to post earnings of -$0.19 per share. This would mark year-over-year growth of 64.81%. At the same time, our most recent consensus estimate is projecting a revenue of $164.67 million, reflecting a 94.21% rise from the equivalent quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.67 per share and a revenue of $662.78 million, representing changes of -297.06% and +75.96%, respectively, from the prior year. It is also important to note the recent changes to analyst estimates for Riot Platforms, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, ranging from 1 (Strong Buy) to 5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with 1 stocks returning an average annual gain 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 3 (Hold). The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 90, putting it in the top 37% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Image: Bigstock Riot Platforms, Inc. (RIOT) Outperforms Broader Market: What You Need to Know Riot Platforms, Inc. (RIOT - Free Report) closed at $21.99 in the latest trading session, marking a +2.42% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.58%. The company's stock has climbed by 41.16% in the past month, exceeding the Finance sector's gain of 1.07% and the S&P 500's gain of 3.68%. Analysts and investors alike will be keeping a close eye on the performance of Riot Platforms, Inc. in its upcoming earnings disclosure. In that report, analysts expect Riot Platforms, Inc. to post earnings of -$0.19 per share. This would mark year-over-year growth of 64.81%. At the same time, our most recent consensus estimate is projecting a revenue of $164.67 million, reflecting a 94.21% rise from the equivalent quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.67 per share and a revenue of $662.78 million, representing changes of -297.06% and +75.96%, respectively, from the prior year. It is also important to note the recent changes to analyst estimates for Riot Platforms, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, ranging from 1 (Strong Buy) to 5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with 1 stocks returning an average annual gain 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 3 (Hold). The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 90, putting it in the top 37% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Riot Platforms, Inc. (RIOT) has demonstrated considerable market outperformance, with its stock closing up 2.42% in the latest session, significantly outpacing the S&P 500's 0.58% daily gain. Over the past month, RIOT surged 41.16%, substantially exceeding the Finance sector's 1.07% and the S&P 500's 3.68% returns, indicating strong recent investor confidence. This performance aligns with a moderately positive sentiment and optimistic tone surrounding the company. Analysts anticipate Riot to report Q1 earnings of -$0.19 per share, representing a 64.81% year-over-year improvement, alongside a projected 94.21% revenue increase to $164.67 million for the quarter. For the full fiscal year, revenue is expected to grow 75.96% to $662.78 million, yet the full-year EPS is forecast at -$0.67, reflecting a -297.06% change from the prior year. These figures highlight robust top-line expansion contrasting with continued bottom-line losses. Despite the strong price momentum and anticipated revenue growth, the Zacks Consensus EPS estimate for Riot has remained stagnant over the last month, and the stock currently holds a Zacks Rank of 3 (Hold). The company operates within the Financial - Miscellaneous Services industry, which carries a strong Zacks Industry Rank of 90, placing it within the top 37% of all industries and suggesting a favorable sector environment.
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