A Look at Applied Digital's Upcoming Earnings Report

Applied Digital (NASDAQ:APLD) is set to give its latest quarterly earnings report on Wednesday, 2024-10-09. Here's what investors need to know before the announcement.

Analysts estimate that Applied Digital will report an earnings per share (EPS) of $-0.29.

The market awaits Applied Digital's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Past Earnings Performance

In the previous earnings release, the company missed EPS by $0.14, leading to a 13.38% drop in the share price the following trading session.

Here's a look at Applied Digital's past performance and the resulting price change:

Quarter

Q4 2024

Q3 2024

Q2 2024

Q1 2024

EPS Estimate

-0.22

-0.10

0.01

-0.02

EPS Actual

-0.36

-0.24

-0.05

0

Price Change %

-13.0%

-12.0%

-7.000000000000001%

13.0%

Tracking Applied Digital's Stock Performance

Shares of Applied Digital were trading at $7.1 as of October 07. Over the last 52-week period, shares are up 35.68%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Opinions on Applied Digital

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Applied Digital.

Analysts have given Applied Digital a total of 8 ratings, ...