Applied Digital Corporation (APLD) Reports Q2 Loss, Tops Revenue Estimates

Group 1: Earnings Performance - Applied Digital Corporation reported a quarterly loss of $0.66 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.14, representing an earnings surprise of -371.43% [1] - The company posted revenues of $63.87 million for the quarter ended November 2024, exceeding the Zacks Consensus Estimate by 0.34% and up from $42.2 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Applied Digital Corporation shares have increased by approximately 1.6% since the beginning of the year, while the S&P 500 has declined by 0.8% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.11 on revenues of $66.9 million, and for the current fiscal year, it is -$0.40 on revenues of $270.77 million [7] Group 3: Industry Context - The Financial - Miscellaneous Services industry, to which Applied Digital Corporation belongs, is currently ranked in the top 32% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]