TeraWulf (WULF) to Release Quarterly Earnings on Tuesday

TeraWulf (NASDAQ:WULF) is expected to issue its quarterly earnings data before the market opens on Tuesday, March 18th. Analysts expect TeraWulf to post earnings of ($0.04) per share and revenue of $37.43 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Friday, February 28th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The company had revenue of $35.00 million during the quarter, compared to analyst estimates of $37.43 million. The business’s quarterly revenue was up 50.2% compared to the same quarter last year. On average, analysts expect TeraWulf to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TeraWulf Trading Down 14.7 %

Shares of WULF stock opened at $3.07 on Tuesday. TeraWulf has a 12 month low of $1.57 and a 12 month high of $9.30. The business’s 50-day moving average price is $4.98 and its 200-day moving average price is $5.55. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -15.35 and a beta of 2.70.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WULF shares. Northland Securities reiterated an “outperform” rating and issued a $10.00 target price on shares of TeraWulf in a report on Tuesday, December 24th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a report on Monday, January 6th. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Keefe, Bruyette & Woods initiated coverage on TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a report on Monday, March 3rd. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TeraWulf currently has an average rating of “Buy” and a consensus price target of $8.64.

About TeraWulf

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.