Marathon Digital Holdings Q4 2023 Adj EPS $(0.02) Misses $0.03 Estimate, Sales $156.77M Beat $144.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital Holdings (MARA) reported Q4 2023 adjusted EPS of $(0.02), missing the $0.03 estimate, but sales of $156.77M exceeded the $144.08M estimate, marking a 451.67% increase from the same period last year.
February 28, 2024 | 9:33 pm
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NEUTRAL IMPACT
Marathon Digital Holdings reported a Q4 2023 adjusted EPS of $(0.02), missing estimates, but sales of $156.77M exceeded expectations, a significant increase from last year.
While the EPS miss could negatively impact investor sentiment, the significant sales beat and year-over-year growth may offset this, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100