Riot Blockchain, Inc. (RIOT) closed at $6.83 in the latest trading session, marking a +1.94% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.21%. Meanwhile, the Dow lost 0.43%, and the Nasdaq, a tech-heavy index, added 0.03%.
Heading into today, shares of the company had lost 3.87% over the past month, outpacing the Business Services sector's loss of 12.31% and the S&P 500's loss of 9.7% in that time.
Wall Street will be looking for positivity from Riot Blockchain, Inc. as it approaches its next earnings report date. In that report, analysts expect Riot Blockchain, Inc. to post earnings of $0.04 per share. This would mark a year-over-year decline of 84.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $68.26 million, up 5.32% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$2.46 per share and revenue of $319.92 million, which would represent changes of -510% and...
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