Analysts Rate MARA a Buy but History Points to Earnings Miss

Marathon Digital Holdings, Inc. (NASDAQ: MARA) is reporting earnings after market close on May 4th, 2022 with an estimate of 0.26 EPS. MARA is reporting earnings after market close. Based on historical trends MARA has a 27% chance of beating earnings. It's important to note that their last reported earnings was 0.1 EPS and the estimated earnings was 0.34 for this time period. This means that the estimated EPS has gone down by 29% MARA Analyst Ratings Here is the current analyst rating distribution for MARA. In total there are 16 MARA analyst ratings. 14 Buys 0 Holds 2 Sells Analyst Ratings have provided relatively strong indicators of future price movement, which is why they are used to determine a MARA stock forecast. However, this shouldn't be the only factor when determining whether to invest in Marathon Digital Holdings, Inc., I would use Analyst Ratings as a datapoint along with other fundamental indicators and investment metrics. MARA is a buy according to B. Riley Securities. B. Riley Securities just released its rating for MARA. As of Apr 4th, 2022, B. Riley Securities rates MARA as a buy. Their previous rating for MARA was a buy What stocks is B. Riley Securities currently covering? To give you some perspective, B. Riley Securities covers 172 companies. We can take a look at the overall rating distribution across these companies. Here is the rating breakdown for the 172 companies it currently covers: 132 Buys 40 Holds 0 Sells Here is the recent performance history when B. Riley Securities initiates a Buy rating: In the last month, 47.56% of their Buys have performed well, with an average return of 82.04%. MARA Retail Investor Sentiment Taking a look at Twitter and Stocktwits we can get a sense of the market sentiment for MARA. Right now the market sentiment for MARA is 3.33% on Twitter and -1.39% on Stocktwits. Overall this is a generally positive sentiment going into earnings. MARA is currently averaging about 386 posts per day I'll touch on why this is important, but for now, here is a breakdown for the last 72hrs: 39 somewhat large Twitter accounts 10,000+ followers, 1 large Twitter accounts with 100k+ followers 1 very large accounts with 500k+ followers. I like to take a look at individual tweets to see what people are saying about MARA. This gives some decent insights into how the market is feeling, and we can usually see reference to what wall street is thinking as well. Instead of selling Bitcoin to raise money, firms like $MARA Marathon Digital Holdings Inc. are selling Bitcoin call options to wring money out of their holdings, turning to a yield-generating strategy deployed throughout conventional finance. Selling calls as desperate for cash. $MARA is a crypto mining company that reports earnings after hours on Wednesday. 2022 has been a disappointing year for cryptocurrency after seeing highs in November. I believe this disappointment will continue with Marathon Digital and I will be watching the $15 strike puts. Most of the tweets I've come across are bearish. MARA Earnings Final Thoughts The good --> 87% of analysts tag MARA as a buy. This is not indicative of them beating earnings, but rather a view of MAra as a long term hold The bad --> EPS estimate was reduced and MAra has a historically poor time of beating earnings. General sentiment and thoughts about MARA earnings are negative Final Thoughts --> I would probably wait until after earnings to take a position in MARA, I think they have been hammered down recently but provide a solid investment if you are looking for a decent, well-known crypto miner.