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Applied Digital Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2026-01-02 15:26
Core Viewpoint - Applied Digital Corporation is expected to report a quarterly loss of 22 cents per share for Q2 2026, compared to a loss of 6 cents per share a year ago, with projected revenue of $82.22 million, up from $63.87 million the previous year [1] Group 1: Earnings Expectations - The company will release its earnings results for Q2 2026 on January 7, 2026 [1] - Analysts predict a quarterly loss of 22 cents per share, a significant increase from the previous year's loss of 6 cents per share [1] - The consensus estimate for quarterly revenue is $82.22 million, reflecting a year-over-year increase from $63.87 million [1] Group 2: Business Developments - On December 29, 2025, the company announced plans to spin out its cloud business and proposed a business combination with EKSO to launch ChronoScale [2] - Following this announcement, Applied Digital shares increased by 1.8%, closing at $24.52 [2] Group 3: Analyst Ratings - Northland Capital Markets analyst Mike Grondahi maintained an Outperform rating with a price target of $40 [4] - Lake Street analyst Rob Brown maintained a Buy rating with a price target of $45 [4] - Needham analyst John Todaro maintained a Buy rating with a price target of $41 [4] - Craig-Hallum analyst George Sutton raised the price target from $37 to $39 while maintaining a Buy rating [4] - HC Wainwright & Co. analyst Kevin Dede raised the price target from $20 to $40 while maintaining a Buy rating [4]