Applied Digital Corporation (APLD) Reports Q3 Loss, Misses Revenue Estimates

Company Performance - Applied Digital Corporation reported a quarterly loss of $0.16 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.11, and an improvement from a loss of $0.52 per share a year ago [1] - The company posted revenues of $52.92 million for the quarter ended February 2025, missing the Zacks Consensus Estimate by 16.75%, but showing an increase from $43.35 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates only once [2] Stock Movement and Outlook - Applied Digital Corporation shares have declined approximately 30.8% since the beginning of the year, compared to a decline of 8.8% for the S&P 500 [3] - The company's earnings outlook is mixed, with current consensus EPS estimates at -$0.11 on revenues of $77.43 million for the upcoming quarter and -$0.96 on revenues of $252.89 million for the current fiscal year [7] Industry Context - The Financial - Miscellaneous Services industry, to which Applied Digital Corporation belongs, is currently ranked in the top 19% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]