Applied Digital Expected to Report Increased Q3 Loss Amid Analyst Forecast Revisions

Q: What is the expected loss per share for Applied Digital?

Analysts expect a loss of **21 cents per share** for the third quarter.

Q: What is the projected revenue for Applied Digital in Q3?

The projected revenue is **$78.48 million**, up from **$52.92 million** last year.

Original: Applied Digital Likely To Report Wider Q3 Loss; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Benzinga•Apr 6, 20262 min

In a Nutshell

Applied Digital Corporation, based in Dallas, Texas, is set to report its Q3 earnings on April 8, with analysts predicting a loss of 21 cents per share, up from 8 cents last year. The expected revenue is $78.48 million, a significant increase from $52.92 million in the previous year.

Key Points

01Applied Digital's expected Q3 loss is 21 cents per share.
02Projected revenue for the quarter is $78.48 million.
03The company recently restructured its data center lease agreements.
04Analysts have varying price targets, with the highest at $53.
05Analyst accuracy rates range from 65% to 81%.

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Full Summary

Applied Digital Corporation (NASDAQ:APLD), located in Dallas, Texas, is anticipated to announce a wider loss for its third quarter on April 8. Analysts forecast a loss of 21 cents per share, compared to a loss of 8 cents in the same quarter last year. The company's expected revenue stands at $78.48 million, a notable increase from $52.92 million reported last year. Recently, Applied Digital amended its lease agreements with CoreWeave, Inc. (NASDAQ:CRWV), incorporating new credit support mechanisms. The company's stock saw a slight increase, closing at $24.56. Analysts have provided various ratings and price targets for APLD, with B. Riley Securities' Nick Giles maintaining a Buy rating and raising the price target from $47 to $53. Other analysts have also set price targets ranging from $39 to $41, reflecting positive outlooks despite the expected losses.