Marathon Digital Holdings Q2 2024 Adj EPS $(0.72) Misses $(0.14) Estimate, Sales $145.10M Miss $157.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital Holdings (NASDAQ:MARA) reported Q2 2024 adjusted EPS of $(0.72), significantly missing the analyst estimate of $(0.14). Sales were $145.10 million, also missing the $157.84 million estimate. Despite the misses, sales increased by 77.47% year-over-year.
August 01, 2024 | 9:10 pm
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Marathon Digital Holdings reported a significant miss on both EPS and sales estimates for Q2 2024. The EPS of $(0.72) was far below the $(0.14) estimate, and sales of $145.10 million missed the $157.84 million estimate. Despite the misses, sales increased by 77.47% year-over-year.
The significant miss on both EPS and sales estimates is likely to negatively impact MARA's stock price in the short term. However, the substantial year-over-year sales growth may provide some support.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100