A Look at Applied Digital's Upcoming Earnings Report
Portfolio Pulse from Benzinga Insights
Applied Digital (NASDAQ:APLD) is set to release its quarterly earnings report on October 9, 2024. Analysts estimate an EPS of $-0.29. The company previously missed EPS estimates, causing a significant drop in share price. Despite a positive 52-week performance, Applied Digital faces challenges with negative revenue growth, gross profit, and return on equity. Analysts maintain a 'Buy' rating with a price target of $9.75, suggesting a potential upside.
October 08, 2024 | 2:00 pm
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Applied Digital is set to release its earnings report with an expected EPS of $-0.29. Past performance shows significant stock price drops following missed estimates. Analysts maintain a 'Buy' rating with a price target of $9.75, indicating potential upside.
The upcoming earnings report is crucial for Applied Digital, especially given its history of missing estimates and the resulting stock price drops. The 'Buy' rating and price target suggest optimism, but the company's financial challenges could temper short-term gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100