Applied Digital Co. (NASDAQ:APLD – Free Report) – Research analysts at B. Riley dropped their Q1 2024 EPS estimates for shares of Applied Digital in a research report issued on Monday, September 18th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $0.00 for the quarter, down from their prior forecast of $0.02. B. Riley has a “Buy” rating and a $16.00 price target on the stock. The consensus estimate for Applied Digital’s current full-year earnings is $0.41 per share. B. Riley also issued estimates for Applied Digital’s Q2 2024 earnings at $0.05 EPS.
Applied Digital (NASDAQ:APLD – Get Free Report) last released its earnings results on Monday, July 24th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Applied Digital had a negative net margin of 80.60% and a negative return on equity of 61.59%. The business had revenue of $22.04 million during the quarter, compared to analyst estimates of $22.01 million.
Applied Digital Stock Performance
Applied Digital Company Profile
Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.
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