What is B. Riley's Forecast for Applied Digital Q1 Earnings?

Key Points

• B. Riley forecasts that Applied Digital will report an earnings per share (EPS) of ($0.18) for Q1 2027, maintaining a "Buy" rating with a price target of $15.00.
• The company's last quarterly earnings showed an EPS of ($0.12), which met expectations, with a revenue of $38.01 million, below the consensus estimate of $42.86 million.
• Institutional investors own 65.67% of Applied Digital's stock, indicating strong institutional interest and increasing stakes among various funds.

Applied Digital Corporation (NASDAQ:APLD - Free Report) - Equities research analysts at B. Riley issued their Q1 2027 earnings estimates for shares of Applied Digital in a report released on Thursday, August 21st. B. Riley analyst N. Giles forecasts that the company will post earnings of ($0.18) per share for the quarter. B. Riley currently has a "Buy" rating and a $15.00 target price on the stock. The consensus estimate for Applied Digital's current full-year earnings is ($0.96) per share. B. Riley also issued estimates for Applied Digital's Q2 2027 earnings at ($0.18) EPS, Q3 2027 earnings at ($0.14) EPS and Q4 2027 earnings at ($0.16) EPS.

Other equities analysts have also recently issued research reports about the stock. Compass Point upgraded shares of Applied Digital from a "neutral" rating to a "buy" rating and set a $13.00 target price on the stock in a research note on Friday, July 25th. JMP Securities increased their target price on shares of Applied Digital from $12.00 to $18.00 and gave the stock a "market outperform" rating in a report on Tuesday, June 3rd. Craig Hallum upped their price target on Applied Digital from $12.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Citigroup reiterated an "outperform" rating on shares of Applied Digital in a research report on Tuesday, June 3rd. Finally, Needham & Company LLC increased their target price on Applied Digital from $12.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $15.64.

Applied Digital Stock Down 0.6%

NASDAQ:APLD traded down $0.10 on Monday, reaching $16.37. 15,487,665 shares of the stock traded hands, compared to its average volume of 37,575,234. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of -15.02 and a beta of 6.17. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.36. Applied Digital has a 12 month low of $3.01 and a 12 month high of $16.92. The company's fifty day simple moving average is $12.01 and its 200 day simple moving average is $8.83.

Applied Digital (NASDAQ:APLD - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.12) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.12). The business had revenue of $38.01 million during the quarter, compared to analyst estimates of $42.86 million. Applied Digital had a negative net margin of 107.22% and a negative return on equity of 50.03%. Applied Digital's revenue was up 41.3% compared to the same quarter last year. During the same period last year, the business earned ($0.14) EPS.

Institutional Trading of Applied Digital

A number of large investors have recently made changes to their positions in APLD. Atlantic Union Bankshares Corp acquired a new stake in shares of Applied Digital in the 2nd quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Applied Digital during the second quarter valued at approximately $26,000. Ameriflex Group Inc. acquired a new stake in Applied Digital in the 2nd quarter valued at approximately $42,000. PNC Financial Services Group Inc. bought a new position in Applied Digital during the 1st quarter valued at $28,000. Finally, Hollencrest Capital Management purchased a new stake in shares of Applied Digital in the second quarter valued at $50,000. 65.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Applied Digital

In other Applied Digital news, Director Richard N. Nottenburg sold 11,250 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $14.22, for a total transaction of $159,975.00. Following the transaction, the director owned 317,987 shares of the company's stock, valued at approximately $4,521,775.14. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.81% of the company's stock.

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.