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MARA Holdings, Inc. MARA is scheduled to release third-quarter 2024 results on Nov. 12, after market close.

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MARA missed the Zacks Consensus Estimate in each of the past four quarters, with the negative surprise being 142.3%, on average.

Marathon Digital Holdings, Inc. Price and EPS Surprise

Marathon Digital Holdings, Inc. price-eps-surprise | Marathon Digital Holdings, Inc. Quote

MARA’s Q3 Expectations

We expect revenue diversification to have been driven by the commencement of the Kaspa mining operations, leveraging digital asset computing to offer an effective and low-cost alternative to district heating by converting clean energy into heat directly on-site. This conversion process is conducted while lowering carbon emissions for the district by avoiding wood pallets and biomass-burning sources of energy.

Furthermore, the hash rate is likely to have increased on the back of container upgrades and near completion of hosted customer exits in Kearney, NE.

The Zacks Consensus Estimate for revenues is pegged at $148.1 million, suggesting a 51.4% increase from the year-ago quarter’s actual. The consensus estimate for loss is pegged at 38 cents per share compared with the year-ago quarter’s loss of 5 cents.

What Our Model Predicts for MARA

Our model predicts an earnings beat for MARA Holdings this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks before they are reported with our Earnings ESP Filter.

MARA has an Earnings ESP of +28.00% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Earnings Snapshot of MARA’s Peers

Verisk Analytics Inc. VRSK posted impressive third-quarter 2024 results.

VRSK’s adjusted earnings (excluding 13 cents from non-recurring items) were $1.7 per share, surpassing the Zacks Consensus Estimate by 4.4% and growing 9.9% from the year-ago quarter. Total revenues of $725.3 million beat the consensus estimate marginally and increased 7% on a year-over-year basis.

IQVIA Holdings Analytics Inc. IQV has reported impressive third-quarter 2024 results.

IQV’s adjusted earnings were $2.8 per share, outpacing the Zacks Consensus Estimate by 1.1% and rising 2.3% on a year-over-year basis. Total revenues of $3.9 billion surpassed the consensus estimate by 1.1 and grew 4.3% from the year-ago quarter.

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Insperity, Inc. NSP reported mixed third-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, while revenues missed the same.

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The earnings beat impressed the market as the stock gained 5.3% since the release of results on Oct. 31, 2024.

Adjusted earnings (excluding 32 cents from non-recurring items) of 39 cents per share outpaced the consensus estimate by 21.9% but decreased 73.3% year over year. Revenues of $1.6 billion missed the Zacks Consensus Estimate by a slight margin but increased from the year-ago quarter’s actual.

The company’s stock has declined 10% over the past three months against the 8.4% rise of the industry it belongs to and a 12% rally of the Zacks S&P 500 composite.

Three Months Price Performance

The average number of worksite employees paid per month decreased 2% year over year to 309,088. Revenue per worksite employees (WSEE) per month increased 3% from the year-ago quarter to $1,683.

Insperity’s Operating Results

Gross profit declined 11% from the year-ago quarter to $229 million. The gross margin was 14.7%, down 190 basis points from the third quarter of 2023. Operating expenses increased 15% year over year to $228 million. Operating expenses per WSEE per month gained 17% on a year-over-year basis to $246 million.

Operating income decreased 98% from the year-ago quarter to $1 million. Operating income per WSEE per month declined 98% year over year to $1. Adjusted EBITDA for the reported quarter is $39 million, decreased 58.6% on a year-over-year basis.

Balance Sheet & Cash Flow of NSP

Insperity exited third-quarter 2024 with cash and cash equivalents of $470 million compared with the $676 million reported in the preceding quarter. The long-term debt was $369 million, flat sequentially.

In the reported quarter, NSP distributed $23 million as cash dividends. The capital expenditure totaled $14 million.

NSP’s Q4 & 2024 Guidance

For the fourth quarter, NSP’s guidance for the bottom line was between a loss of 10 cents per share and earnings of 12 cents. The mid-point (a penny) of the revised guidance range is lower than the Zacks Consensus Estimate for earnings of 10 cents. Insperity’s view for adjusted EBITDA was $15-$27 million.

For 2024, the company updated its adjusted EPS view to $3.42-$3.66 from the $3.33-$3.88 provided at the end of the second quarter of 2024. The mid-point ($3.54) of the company’s guidance range is lower than the Zacks Consensus Estimate of $3.56. The view for adjusted EBITDA is updated to $262-$274 million from the $261-$290 million mentioned previously.

Currently, Insperity carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings Snapshot of NSP’s Peers

IQVIA Holdings Analytics Inc. IQV reported impressive third-quarter 2024 results.

IQV’s adjusted earnings were $2.8 per share, outpacing the Zacks Consensus Estimate by 1.1% and rising 2.3% on a year-over-year basis. Total revenues of $3.9 billion surpassed the consensus estimate by 1.1 and grew 4.3% from the year-ago quarter.

Republic Services, Inc. RSG posted mixed third-quarter 2024 results.

RSG’s earnings per share (excluding 1 cent from non-recurring items) of $1.8 outpaced the Zacks Consensus Estimate by 11.7% and grew 17.5% from the year-ago quarter. Revenues of $4.1 billion missed the consensus mark by a slight margin but increased 6.5% on a year-over-year basis.

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