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Applied Digital Corp APLD reported an adjusted loss of 52 cents per share for the quarter ended May 31, less than the same quarter a year ago when the company reported earnings per share of -7 cents. The average expectation of seven analysts for the quarter was a loss of 22 cents per share. Wall Street expected results between -28 and -17 cents per share.
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Revenue increased 98.3% year-on-year to $43.70 million; analysts had expected $37.61 million.
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Applied Digital Corp. reported earnings per share for the quarter were 52 cents.
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The company reported a quarterly loss of $64.76 million.
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Applied Digital Corp shares fell 20.5% this quarter and are down 29.8% year to date.
FORECAST CHANGES
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Analysts’ average earnings estimate had risen by about 14.3 percent over the past three months.
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In the last 30 days, one analyst has revised his earnings forecast downwards
RECOMMENDATIONS
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The current average analyst rating of the stock is “Buy” and the breakdown of recommendations is 7 “Strong Buy” or “Buy”, no “Hold” and no “Sell” or “Strong Sell”.
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The average consensus recommendation for the blockchain and cryptocurrency peer group is also “Buy.”
Wall Street’s median 12-month price target for Applied Digital Corp is $10.00
This summary was machine-generated from LSEG data as of August 28 at 21:01 UTC. All figures in US dollars unless otherwise stated. (For questions about the data in this report, contact [email protected]. For other questions or feedback, contact [email protected])
END OF QUARTER |
TREASURE |
ACTUALLY |
BEAT, FULFILLED, MISSED |
May 31, 2024 |
-0.22 |
-0.52 |
Missed |
February 29, 2024 |
-0.10 |
-0.32 |
Missed |
30 November 2023 |
0.01 |
-0.10 |
Missed |
31 August 2023 |
-0.04 |
-0.10 |
Missed |