Applied Digital Corp reports results for the quarter ended February 28 - Earnings Summary

Applied Digital Corp reported a quarterly adjusted loss of 13 cents​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of -32 cents. The mean expectation of nine analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -19 cents to -3 cents per share.Revenue rose 22.1% to $52.92 million from a year ago; analysts expected $63.42 million. Applied Digital Corp's reported EPS for the quarter was a loss of 16 cents​.The company reported a quarterly loss of $36.1 million.Applied Digital Corp shares had fallen by 5.9% this quarter and lost 30.8% so far this year.FORECAST CHANGESThe mean earnings estimate of analysts had risen by about 26.5% in the last three months.​ In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.RECOMMENDATIONSThe current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the blockchain & cryptocurrency peer group is also "buy" Wall Street's median 12-month price target for Applied Digital Corp is $12.00 This summary was machine generated from LSEG data April 14 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact )QUARTER ENDINGESTIMATE ACTUALBEAT, MET, MISSEDFeb. 28 2025 -0.11-0.13MissedNov. 30 2024 -0.15-0.66MissedAug. 31 2024 -0.29-0.15BeatMay. 31 2024 -0.22-0.52Missed