- Applied Digital (APLD, Financial) is set to announce its Q3 earnings, with expectations of improved EPS and significant revenue growth.
- Analysts offer an optimistic outlook with a substantial potential upside on the stock price.
- GuruFocus metrics indicate a favorable future valuation for APLD.
Applied Digital (APLD) is poised to unveil its third-quarter earnings report on April 14, post-market. Analysts are predicting an Earnings Per Share (EPS) of -$0.10, reflecting a substantial 58.3% year-over-year improvement. Moreover, the anticipated revenue is $62.91 million, representing a remarkable 45.3% increase. Notably, recent trends show more upward revisions than downward adjustments for both EPS and revenue estimates.
Wall Street Analysts' Projections
The one-year price targets provided by nine analysts present an average target price for Applied Digital Corp (APLD, Financial) at $12.44, with the highest estimate at $20.00 and the lowest at $9.00. This average target implies a significant upside of 135.24% from the current stock price of $5.29. For further insights, visit the Applied Digital Corp (APLD) Forecast page.
According to the consensus from nine brokerage firms, Applied Digital Corp's (APLD, Financial) average brokerage recommendation stands at 1.9, signaling an "Outperform" status. This rating is on a scale of 1 to 5, where 1 indicates a Strong Buy, and 5 denotes a Sell.
GuruFocus Value Analysis
GuruFocus estimates suggest that the GF Value for Applied Digital Corp (APLD, Financial) in the upcoming year is $13.69. This projection points to an impressive 158.79% upside from the current price of $5.29. The GF Value, a GuruFocus proprietary metric, estimates the stock's fair value based on its historical trading multiples, past business growth, and future performance projections. Explore more detailed figures and insights on the Applied Digital Corp (APLD) Summary page.
