TeraWulf (WULF) Expected to Announce Quarterly Earnings on Tuesday

TeraWulf (NASDAQ:WULF) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, March 18th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $37.43 million for the quarter. Persons 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) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $35.00 million for the quarter, compared to analysts’ expectations of $37.43 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The company’s revenue for the quarter was up 50.2% on a year-over-year basis. On average, analysts expect TeraWulf to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TeraWulf Price Performance

WULF stock opened at $3.07 on Tuesday. The company has a market cap of $1.18 billion, a P/E ratio of -15.35 and a beta of 2.70. TeraWulf has a 1 year low of $1.57 and a 1 year high of $9.30. The stock’s fifty day moving average price is $4.98 and its 200-day moving average price is $5.55.

Analyst Ratings Changes

WULF has been the topic of several analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. Keefe, Bruyette & Woods assumed coverage on TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 target price on shares of TeraWulf in a report on Monday, March 3rd. Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $9.50 price objective on shares of TeraWulf in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, TeraWulf has a consensus rating of “Buy” and an average target price 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.