Applied Digital Co. (NASDAQ:APLD) Forecasted to Post Q1 2025 Earnings of ($0.33) Per Share

Applied Digital Co. (NASDAQ:APLD) – Analysts at Roth Capital lifted their Q1 2025 earnings per share (EPS) estimates for shares of Applied Digital in a report issued on Thursday, August 29th. Roth Capital analyst D. Aftahi now anticipates that the company will earn ($0.33) per share for the quarter, up from their previous estimate of ($0.51). The consensus estimate for Applied Digital’s current full-year earnings is ($1.02) per share. Roth Capital also issued estimates for Applied Digital’s Q2 2025 earnings at ($0.36) EPS, Q3 2025 earnings at ($0.38) EPS, Q4 2025 earnings at ($0.37) EPS, FY2025 earnings at ($1.45) EPS and FY2026 earnings at ($1.30) EPS.

APLD has been the subject of several other reports. HC Wainwright restated a “buy” rating and set a $5.00 price objective on shares of Applied Digital in a research report on Thursday, August 29th. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Applied Digital in a research report on Thursday, August 29th. Roth Mkm dropped their price objective on Applied Digital from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, B. Riley upped their price objective on Applied Digital from $6.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Applied Digital presently has a consensus rating of “Buy” and an average price target of $8.20.

Applied Digital Price Performance

Shares of APLD stock opened at $3.15 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.90. Applied Digital has a twelve month low of $2.36 and a twelve month high of $8.65. The company has a market cap of $432.21 million, a P/E ratio of -3.99 and a beta of 4.56. The business has a fifty day simple moving average of $4.96 and a 200 day simple moving average of $4.33.

Applied Digital (NASDAQ:APLD) last released its earnings results on Wednesday, August 28th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.29). Applied Digital had a negative return on equity of 109.89% and a negative net margin of 88.95%. The company had revenue of $43.70 million for the quarter, compared to analyst estimates of $42.70 million. During the same period last year, the company posted ($0.07) earnings per share.

Hedge Funds Weigh In On Applied Digital

Several large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new position in Applied Digital in the second quarter valued at about $1,451,000. B. Riley Wealth Advisors Inc. raised its position in shares of Applied Digital by 66.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 774,655 shares of the company’s stock worth $4,609,000 after acquiring an additional 308,223 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Applied Digital by 25.0% during the second quarter. The Manufacturers Life Insurance Company now owns 37,641 shares of the company’s stock worth $224,000 after acquiring an additional 7,517 shares during the last quarter. Alight Capital Management LP bought a new position in shares of Applied Digital during the second quarter worth about $3,570,000. Finally, Marshall Wace LLP bought a new position in shares of Applied Digital during the second quarter worth about $720,000. 65.67% of the stock is currently owned by institutional investors.

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.