Benzinga – by Zacks, Benzinga Contributor.
For the quarter ended March 2024, Riot Platforms, Inc. (NASDAQ: RIOT) reported revenue of $79.3 million, up 8.3% over the same period last year. EPS came in at $0.81, compared to $0.04 in the year-ago quarter.
The reported revenue represents a surprise of -13.95% over the Zacks Consensus Estimate of $92.15 million. With the consensus EPS estimate being -$0.21, the EPS surprise was +485.71%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
Here is how Riot Platforms, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Bitcoin (CRYPTO: BTC) Mining: $74.60 million versus the six-analyst average estimate of $78.13 million.
- Revenue- Engineering: $4.70 million versus $13.84 million estimated by six analysts on average.
- Revenue- Other revenue: $0.02 million compared to the $0.02 million average estimate based on three analysts.
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