Susquehanna Forecasts Wolfspeed's Q1 Earnings (NYSE:WOLF)

Key Points

• Susquehanna expects Wolfspeed to remain unprofitable, forecasting Q1 2027 EPS of $(2.39), Q2 EPS of $(2.31), and full-year 2027 EPS of $(9.05). The firm maintains a Neutral rating and a $30 price target.
• Wolfspeed’s latest quarter beat EPS expectations at $(2.26) versus the $(2.45) consensus, but revenue fell 24.1% year over year to $149.6 million, roughly in line with estimates.
• Analyst sentiment remains cautious: Wolfspeed has a consensus Hold rating and a $25 price target, while its shares recently traded at $27.64, down significantly from the stock’s 52-week high of $80.82.

Wolfspeed, Inc. (NYSE:WOLF - Free Report) - Research analysts at Susquehanna issued their Q1 2027 EPS estimates for Wolfspeed in a research report issued on Wednesday, September 23rd. Susquehanna analyst C. Rolland expects that the company will earn ($2.39) per share for the quarter. Susquehanna has a "Neutral" rating and a $30.00 price objective on the stock. The consensus estimate for Wolfspeed's current full-year earnings is ($8.27) per share. Susquehanna also issued estimates for Wolfspeed's Q2 2027 earnings at ($2.31) EPS, FY2027 earnings at ($9.05) EPS and FY2028 earnings at ($7.43) EPS.

Wolfspeed (NYSE:WOLF - Get Free Report) last posted its earnings results on Wednesday, August 19th. The company reported ($2.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.45) by $0.19. The firm had revenue of $149.60 million during the quarter, compared to the consensus estimate of $150.00 million. The business's revenue was down 24.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.77) EPS.

Several other equities analysts also recently issued reports on WOLF. Wall Street Zen downgraded Wolfspeed from a "sell" rating to a "strong sell" rating in a research report on Saturday, September 19th. Weiss Ratings upgraded shares of Wolfspeed from a "sell (d-)" rating to a "sell (d)" rating in a research report on Monday, August 24th. Finally, TD Cowen reaffirmed a "hold" rating and set a $25.00 price objective on shares of Wolfspeed in a report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $25.00.

Wolfspeed Price Performance

NYSE WOLF opened at $27.64 on Monday. The stock's 50 day simple moving average is $26.99 and its 200 day simple moving average is $34.25. Wolfspeed has a one year low of $8.05 and a one year high of $80.82. The firm has a market cap of $1.46 billion and a PE ratio of -1.75.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WOLF. Royal Bank of Canada acquired a new stake in shares of Wolfspeed during the 1st quarter worth approximately $89,000. FNY Investment Advisers LLC acquired a new position in Wolfspeed in the second quarter valued at approximately $204,000. AXQ Capital LP acquired a new position in Wolfspeed in the second quarter valued at approximately $208,000. Concurrent Investment Advisors LLC bought a new position in Wolfspeed in the second quarter valued at approximately $229,000. Finally, WINTON GROUP Ltd bought a new position in Wolfspeed in the second quarter valued at approximately $299,000.

Wolfspeed Company Profile

Wolfspeed, Inc is a semiconductor company focused on silicon carbide and gallium nitride technologies. The company develops and manufactures power semiconductors, materials and related components designed to improve energy efficiency and performance in high-power electrical systems.

Its product portfolio includes silicon carbide materials, discrete power devices, power modules and radio-frequency products. These products serve applications such as electric vehicles, charging infrastructure, renewable energy systems, industrial equipment, telecommunications, aerospace and defense.

Wolfspeed was formerly known as Cree, Inc, which was founded in 1987.

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