Applied Digital (US:APLD) Zacks Investment Researchยท2024-03-19 23:05Company Performance - Applied Digital Corporation (APLD) closed at $4.28, with a daily increase of +0.94%, outperforming the S&P 500 which gained 0.57% [1] - Over the past month, APLD shares have decreased by 12.4%, while the Finance sector and S&P 500 gained 2.81% and 2.97% respectively [1] - The upcoming earnings report is projected to show earnings of -$0.08 per share, indicating no growth from the previous year, with revenue expected to be $60.99 million, a 332.82% increase year-over-year [1] Full Year Estimates - For the full year, the Zacks Consensus Estimates project earnings of -$0.35 per share and revenue of $232.71 million, reflecting changes of +28.57% and +320.11% from the previous year [2] - Recent changes to analyst estimates indicate a positive outlook for the company's business operations and profit generation [2] Analyst Ratings - The Zacks Rank system currently rates Applied Digital Corporation as 5 (Strong Sell), with the consensus EPS estimate having decreased by 7.75% in the past month [3] - The Financial - Miscellaneous Services industry, which includes APLD, has a Zacks Industry Rank of 141, placing it in the bottom 45% of over 250 industries [3]