Finance

It’s A Great Day To Buy Marathon Patent Group, Inc. (MARA) on the Dip

Marathon Patent Group, Inc. (NASDAQ:MARA) is expected to announce second quarter financial results after market close (confirmed) on December 31, 1969. The company added about -13.2% percent in value since last earnings when it was at $0.38. Based on the most relevant historical data, there is a zero probability for share price to go down following the next earnings report. Looking further into earnings reaction history, the stock had moved down 5 times out of last 10 quarters. It has topped earnings-per-share estimates 33% of the time in its last 12 earnings reports. It missed earnings on 4 occasions, and it has met expectations 1 time.

Marathon Patent Group, Inc. (NASDAQ:MARA) Earnings Reaction History

Overall, the average earnings surprise was -160.28 percent over the past four quarters. It posted earnings per share at $-0.19 which missed the consensus $-0.15 projection (Negative surprise of -26.70%). Revenue came in at $0.08M versus consensus estimate of $0.1M. The stock dropped -10.53% percent the day following the earnings was released, and on 7th day price change was -52.63% percent.

On March 30, 2017, it posted earnings per share at $-1.74 versus the consensus estimate of $-0.27 (Negative surprise of -544.40%). Revenue of $0.18M was below the $1.07M analysts had expected. The stock dropped 7.37% the day following the earnings was released, and on 7th day price change was -13.68%.

On November 14, 2016, it posted earnings per share at $-0.42, missed the consensus estimate of $-0.25 (Negative surprise of -68.00%). Revenue for the quarter was $0.04M while analysts had expected revenues to come in at $2.12M. The stock fell -4.49% the day following the earnings was released, and on 7th day price change was -5.28%.

On August 15, 2016, it posted earnings per share at $0.49 compared with the consensus estimate of $0.5 (Negative surprise of -2.00%). That came on revenues of $34.35M for the quarter. Analysts had expected $33M in revenue.

Marathon Patent Group, Inc. (NASDAQ:MARA) Earnings Expectations

In front of Q3 earnings release, Wall Street is expecting earnings per share of $-0.14. The analysts’ current consensus range is $-0.14-$-0.14 for EPS. The market consensus range for revenue is $500k-$500k, with an average of $500k.

Marathon Patent Group, Inc. (NASDAQ:MARA) last closed at $0.30, sending the company’s market cap around $7.70M. The consensus 12-month price target from brokerage firms covering the stock is $4.00 . The share price has declined -91.26% from its best level in 52 weeks and advanced -81.69% this year. It recently traded in a range of $0.292-$0.3218 at a volume of 994,024 shares. The stock ended last trading session with the price nearly -13.70% lower for the last 5 trading days, rebounding 140.40% from its 52-week low.

 

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