Applied Digital Corporation APLD is set to unveil its third-quarter earnings early on April 10, 2024, prior to the market’s opening.
Analysts foresee a reported loss of 7 cents per share for the Dallas-based company, an improvement from the 8 cents loss in the corresponding quarter last year. Expected quarterly revenue stands at $51.92 million, based on data from Benzinga Pro.
News from last month reveals Marathon Digital’s definitive purchase agreement to acquire Applied Digital’s Bitcoin mining data center, adding intrigue to the upcoming earnings report.
Closing at $2.98, Applied Digital shares experienced an 8.9% fall on Friday, setting the stage for a potentially pivotal next chapter for the company.
For insights on the latest analyst ratings, readers can conveniently navigate to the Analyst Stock Ratings page on Benzinga. There, data can be sorted by stock ticker, company name, analyst firm, rating change, and other variables.
Dive deeper into the recent assessments from Benzinga’s most reliable analysts regarding the company’s performance.
- B. Riley Securities analyst Lucas Pipes upheld a Buy rating, adjusting the price target from $10 to $8 on April 5, 2024. With an accuracy rate of 64%, this analyst offers thoughtful insight.
- Needham analyst John Todaro maintained a Buy rating while revising the price target from $16 to $13 on March 18, 2024, boasting an impressive accuracy rate of 81%.
- Lake Street analyst Rob Brown reaffirmed a Buy rating, elevating the price target from $9 to $16 on July 17, 2023, showcasing an accuracy rate of 78%.
- Craig-Hallum analyst George Sutton retained a Buy rating and increased the price target from $10 to $13 on May 17, 2023. This analyst maintains a 65% accuracy rate, offering a seasoned perspective.
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