Q2 Earnings Estimate for Applied Digital Issued By B. Riley

Applied Digital Corporation (NASDAQ:APLD) – Stock analysts at B. Riley raised their Q2 2026 EPS estimates for shares of Applied Digital in a research report issued on Wednesday, October 22nd. B. Riley analyst N. Giles now expects that the company will post earnings per share of ($0.15) for the quarter, up from their previous estimate of ($0.20). B. Riley has a “Buy” rating on the stock. The consensus estimate for Applied Digital’s current full-year earnings is ($0.96) per share. B. Riley also issued estimates for Applied Digital’s Q3 2026 earnings at ($0.22) EPS, Q4 2026 earnings at ($0.19) EPS, FY2026 earnings at ($0.63) EPS and FY2027 earnings at ($0.58) EPS.

A number of other research analysts have also weighed in on APLD. Needham & Company LLC lifted their price objective on shares of Applied Digital from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Digital in a report on Wednesday, October 8th. Citigroup reaffirmed an “outperform” rating on shares of Applied Digital in a report on Thursday, October 9th. Lake Street Capital lifted their price objective on shares of Applied Digital from $18.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Wall Street Zen downgraded shares of Applied Digital from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.70.

Applied Digital Trading Down 0.1%

Shares of APLD stock opened at $34.33 on Monday. The company has a 50 day moving average of $23.65 and a 200-day moving average of $14.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.29. Applied Digital has a 12-month low of $3.31 and a 12-month high of $40.20. The firm has a market cap of $9.60 billion, a P/E ratio of -30.38 and a beta of 6.77.

Applied Digital (NASDAQ:APLD) last posted its quarterly earnings data on Thursday, October 9th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.08. Applied Digital had a negative net margin of 111.29% and a negative return on equity of 37.14%. The firm had revenue of $38.01 million during the quarter, compared to analyst estimates of $52.25 million. During the same quarter last year, the business posted ($0.15) EPS. The company’s revenue for the quarter was up 84.3% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dagco Inc. bought a new position in Applied Digital during the third quarter valued at approximately $27,000. Evolution Wealth Management Inc. raised its position in shares of Applied Digital by 101.8% during the 3rd quarter. Evolution Wealth Management Inc. now owns 1,600 shares of the company’s stock valued at $37,000 after purchasing an additional 807 shares during the period. CoreCap Advisors LLC raised its position in shares of Applied Digital by 124.9% during the 3rd quarter. CoreCap Advisors LLC now owns 1,804 shares of the company’s stock valued at $41,000 after purchasing an additional 1,002 shares during the period. Farther Finance Advisors LLC raised its position in shares of Applied Digital by 51.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,306 shares of the company’s stock valued at $53,000 after purchasing an additional 787 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Applied Digital during the 2nd quarter valued at $25,000. Institutional investors own 65.67% of the company’s stock.

Insider Activity at Applied Digital

In related news, CEO Wes Cummins sold 400,000 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $15.26, for a total transaction of $6,104,000.00. Following the transaction, the chief executive officer owned 2,659,379 shares in the company, valued at $40,582,123.54. The trade was a 13.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mohammad Saidal Lavanw Mohmand sold 100,000 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $34.08, for a total transaction of $3,408,000.00. Following the completion of the sale, the chief financial officer owned 158,912 shares in the company, valued at approximately $5,415,720.96. This trade represents a 38.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 702,341 shares of company stock worth $14,435,562 over the last ninety days. Corporate insiders own 9.50% of the company’s stock.

Applied Digital Company Profile

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.