Soluna Holdings, Inc. (SLNH) reported a quarterly loss of $0.7 per share, missing the Zacks Consensus Estimate of $0.61. This represents an earnings surprise of -14.75%. The company has only surpassed consensus EPS estimates once in the last four quarters. Revenues for Mechanical Technology were $8.42 million, below expectations by 6.5%.

Shares of Mechanical Technology have dropped 11.9% this year, while the S&P 500 gained 14.6%. The company’s future stock performance will depend on management’s commentary and earnings outlook. The Zacks Rank for Mechanical Technology is currently a Hold. GDS Holdings (GDS) is expected to report quarterly results soon, with an estimated loss of $0.06 per share.

Investors should consider the current earnings outlook for Soluna Holdings, Inc. (SLNH) before investing. For the best stocks to buy in the next 30 days, check out Zacks Investment Research’s free report on the 7 best stocks. The Zacks Rank stock-rating system has outperformed the S&P 500 with an average gain of +24.08% per year since 1978.

Read more at Nasdaq: Soluna Holdings, Inc. (SLNH) Reports Q3 Loss, Lags Revenue Estimates