Applied Digital FY2026 EPS Estimate Reduced by HC Wainwright

Key Points

• HC Wainwright cut its FY2026 EPS estimate for Applied Digital to ($0.65) from ($0.27), but sharply raised FY2027 to $0.69, projecting multiple profitable quarters in 2027.
• Applied Digital reported Q1 EPS of ($0.36), missing estimates by $0.23, while revenue surged 139% year‑over‑year to about $108.6 million, showing strong top‑line growth despite ongoing losses.
• Insiders sold roughly 234,593 shares (≈$8.6M) in the last three months, even as analysts keep a consensus “Moderate Buy” rating with an average target of $39.20.

Applied Digital Corporation (NASDAQ:APLD - Free Report) - Research analysts at HC Wainwright lowered their FY2026 earnings per share estimates for shares of Applied Digital in a research note issued to investors on Thursday, April 9th. HC Wainwright analyst K. Dede now anticipates that the company will earn ($0.65) per share for the year, down from their previous estimate of ($0.27). The consensus estimate for Applied Digital's current full-year earnings is ($0.96) per share. HC Wainwright also issued estimates for Applied Digital's Q4 2026 earnings at ($0.11) EPS, Q1 2027 earnings at $0.12 EPS, Q2 2027 earnings at $0.19 EPS, Q3 2027 earnings at $0.19 EPS, Q4 2027 earnings at $0.19 EPS and FY2027 earnings at $0.69 EPS.

Several other brokerages have also weighed in on APLD. Needham & Company LLC reaffirmed a "buy" rating and issued a $41.00 target price on shares of Applied Digital in a research report on Thursday, January 8th. Arete Research started coverage on Applied Digital in a research report on Wednesday, January 7th. They issued a "buy" rating on the stock. Wall Street Zen lowered Applied Digital from a "hold" rating to a "sell" rating in a research report on Saturday. Lake Street Capital reaffirmed a "buy" rating and issued a $45.00 target price on shares of Applied Digital in a research report on Tuesday, December 30th. Finally, B. Riley Financial upped their target price on Applied Digital to $53.00 and gave the stock a "buy" rating in a research report on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $39.20.

Applied Digital Stock Up 5.1%

Shares of Applied Digital stock opened at $27.60 on Tuesday. The stock has a 50-day moving average price of $28.74 and a 200 day moving average price of $29.57. The company has a market cap of $7.89 billion, a P/E ratio of -37.30 and a beta of 7.25. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.65. Applied Digital has a 1 year low of $3.31 and a 1 year high of $42.27.

Applied Digital (NASDAQ:APLD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.23). The business had revenue of $108.55 million during the quarter, compared to analysts' expectations of $78.47 million. Applied Digital had a negative return on equity of 15.91% and a negative net margin of 52.84%.The firm's revenue was up 139.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) earnings per share.

Insiders Place Their Bets

In other news, CEO Wes Cummins sold 165,000 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $36.42, for a total transaction of $6,009,300.00. Following the transaction, the chief executive officer owned 4,176,329 shares of the company's stock, valued at approximately $152,101,902.18. This represents a 3.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Chuck Hastings sold 45,987 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $38.57, for a total value of $1,773,718.59. Following the transaction, the director owned 388,372 shares in the company, valued at approximately $14,979,508.04. This trade represents a 10.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 234,593 shares of company stock valued at $8,617,878 in the last three months. Insiders own 9.50% of the company's stock.

Hedge Funds Weigh In On Applied Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky acquired a new position in Applied Digital during the third quarter valued at approximately $994,000. Voya Investment Management LLC grew its holdings in Applied Digital by 403.4% during the third quarter. Voya Investment Management LLC now owns 1,464,909 shares of the company's stock valued at $33,605,000 after purchasing an additional 1,173,929 shares during the last quarter. Federated Hermes Inc. acquired a new position in Applied Digital during the third quarter valued at approximately $3,204,000. AlphaQuest LLC acquired a new position in Applied Digital during the third quarter valued at approximately $1,369,000. Finally, MRA Advisory Group acquired a new position in Applied Digital during the third quarter valued at approximately $978,000. Institutional investors and hedge funds own 65.67% of the company's stock.

Trending Headlines about Applied Digital

Here are the key news stories impacting Applied Digital this week:

• Positive Sentiment: HC Wainwright raised its FY2027 EPS forecast sharply to $0.69 and projects multiple profitable quarters in 2027, providing a clear bullish earnings re‑rating scenario for APLD. HC Wainwright research note on APLD
• Positive Sentiment: Analyst consensus remains constructive overall: Applied Digital received an average recommendation of "Moderate Buy," which supports demand if sentiment on 2027 earnings stays positive. Applied Digital Receives Average Recommendation
• Neutral Sentiment: Longer‑term commentary (Motley Fool) highlights meaningful upside from Applied Digital’s AI/data center growth but stresses execution risk and costs — useful context but not an immediate catalyst. Where Will Applied Digital Stock Be in 5 Years?
• Negative Sentiment: HC Wainwright and Northland cut FY2026 and Q4‑2026 EPS estimates (HCW to -$0.65 FY2026 and Q4‑2026 to -$0.11; Northland to -$0.56 FY2026), signaling continued near‑term pressure and higher costs that could limit upside until 2027 results are visible. Analyst estimate changes for APLD
• Negative Sentiment: Recent coverage (Yahoo/Zacks) flags mounting losses, rising costs and dependence on a single large tenant — factors that increase execution and concentration risk and could weigh on multiple valuation scenarios. APLD's Losses Continue Despite Growth Push

Applied Digital Company Profile

Applied Digital NASDAQ: APLD is a technology company specializing in the development and operation of large-scale digital infrastructure and sustainable Bitcoin mining solutions. Through its integrated platform, the company designs, builds and manages turnkey data center facilities while also providing comprehensive hosting services for cloud, colocation and enterprise computing needs. Applied Digital's modular approach to facility design enables rapid deployment of capacity and streamlined integration of power, cooling and network connectivity.

In addition to its data center business, Applied Digital operates a network of Bitcoin mining sites that leverage vertically integrated capabilities, including hardware procurement, mining farm engineering, energy management and real-time performance monitoring.

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