Earnings Preview: Applied Digital
Portfolio Pulse from Benzinga Insights
Applied Digital (NASDAQ:APLD) is scheduled to release its quarterly earnings report on Tuesday, 2024-01-16, with analysts expecting an EPS of $0.01. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Applied Digital has seen significant share price increases following earnings beats, with the last quarter resulting in a 12.58% rise after surpassing EPS estimates by $0.02.
January 15, 2024 | 2:02 pm
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Applied Digital is expected to report an EPS of $0.01 in its upcoming earnings release. Positive guidance and an earnings beat could lead to a share price increase, as seen in previous quarters.
Given the historical performance where Applied Digital's stock price increased following earnings beats, a similar outcome may occur if the company beats the EPS estimate and provides positive guidance. The relevance is high as the earnings report is directly about APLD, and the importance is significant due to the potential impact on the stock price. The confidence level is not at the maximum because market reactions can be unpredictable and may also be influenced by broader market conditions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100