Q1 Earnings Forecast for Applied Digital Issued By B. Riley

Applied Digital Corporation (NASDAQ:APLD) – Analysts at B. Riley issued their Q1 2027 EPS estimates for shares of Applied Digital in a research note issued to investors on Thursday, August 21st. B. Riley analyst N. Giles expects that the company will earn ($0.18) per share for the quarter. B. Riley has a “Buy” rating and a $15.00 price target on the stock. The consensus estimate for Applied Digital’s current full-year earnings is ($0.96) per share. B. Riley also issued estimates for Applied Digital’s Q2 2027 earnings at ($0.18) EPS, Q3 2027 earnings at ($0.14) EPS and Q4 2027 earnings at ($0.16) EPS.

Applied Digital (NASDAQ:APLD) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). The business had revenue of $38.01 million during the quarter, compared to the consensus estimate of $42.86 million. Applied Digital had a negative net margin of 107.22% and a negative return on equity of 50.03%. The firm’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.14) EPS.

APLD has been the subject of several other research reports. Lake Street Capital increased their price objective on shares of Applied Digital from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Citizens Jmp raised shares of Applied Digital to a “strong-buy” rating and set a $12.00 price objective for the company in a research note on Thursday, May 22nd. Citigroup reaffirmed an “outperform” rating on shares of Applied Digital in a research note on Tuesday, June 3rd. Craig Hallum raised their price target on shares of Applied Digital from $12.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Finally, JMP Securities raised their price target on shares of Applied Digital from $12.00 to $18.00 and gave the company a “market outperform” rating in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $15.18.

Applied Digital Price Performance

Shares of NASDAQ:APLD opened at $16.05 on Monday. The company has a market cap of $4.20 billion, a price-to-earnings ratio of -14.72 and a beta of 6.17. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $11.81 and a 200 day simple moving average of $8.72. Applied Digital has a one year low of $3.01 and a one year high of $16.92.

Insider Activity

In other news, Director Richard N. Nottenburg sold 11,250 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $14.22, for a total transaction of $159,975.00. Following the completion of the sale, the director directly owned 317,987 shares in the company, valued at $4,521,775.14. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 11.81% of the company’s stock.

Institutional Investors Weigh In On Applied Digital

Large investors have recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of Applied Digital during the first quarter worth $139,000. Exchange Traded Concepts LLC increased its position in shares of Applied Digital by 4.0% during the first quarter. Exchange Traded Concepts LLC now owns 1,042,035 shares of the company’s stock worth $5,856,000 after buying an additional 39,945 shares during the period. Register Financial Advisors LLC increased its position in shares of Applied Digital by 26.2% during the first quarter. Register Financial Advisors LLC now owns 254,200 shares of the company’s stock worth $1,429,000 after buying an additional 52,700 shares during the period. Wells Fargo & Company MN increased its position in shares of Applied Digital by 96.6% during the fourth quarter. Wells Fargo & Company MN now owns 119,963 shares of the company’s stock worth $917,000 after buying an additional 58,943 shares during the period. Finally, Hunter Associates Investment Management LLC increased its position in shares of Applied Digital by 15.9% during the first quarter. Hunter Associates Investment Management LLC now owns 535,921 shares of the company’s stock worth $3,019,000 after buying an additional 73,718 shares during the period. 65.67% of the stock is currently owned by institutional investors and hedge funds.

About Applied Digital

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.