Applied Digital Corp reports results for the quarter ended February 28 - Earnings Summary

• Applied Digital Corp APLD.OQ reported a quarterly adjusted loss of 13 cents​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of -32 cents. The mean expectation of nine analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -19 cents to -3 cents per share.

• Revenue rose 22.1% to $52.92 million from a year ago; analysts expected $63.42 million.

• Applied Digital Corp's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $36.1 million.

• Applied Digital Corp shares had fallen by 5.9% this quarter and lost 30.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 26.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the blockchain & cryptocurrency peer group is also "buy"

• Wall Street's median 12-month price target for Applied Digital Corp is $12.00

This summary was machine generated from LSEG data April 14 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)