S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68

Zacks: Brokerages Expect Wolfspeed, Inc. (NYSE:WOLF) Will Announce Quarterly Sales of $207.58 Million

Last updated on Saturday, May 14, 2022 | 2022 MarketBeat

Brokerages expect Wolfspeed, Inc. (NYSE:WOLF - Get Rating) to report sales of $207.58 million for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Wolfspeed's earnings. The highest sales estimate is $208.70 million and the lowest is $205.00 million. Wolfspeed posted sales of $145.80 million during the same quarter last year, which suggests a positive year over year growth rate of 42.4%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Wolfspeed will report full-year sales of $725.95 million for the current fiscal year, with estimates ranging from $722.70 million to $729.25 million. For the next fiscal year, analysts anticipate that the firm will post sales of $1.03 billion, with estimates ranging from $948.95 million to $1.09 billion. Zacks Investment Research's sales averages are a mean average based on a survey of sell-side research analysts that follow Wolfspeed.

Separately, Canaccord Genuity Group dropped their price target on shares of Wolfspeed from $155.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, January 27th.

NYSE:WOLF opened at $78.07 on Friday. Wolfspeed has a 1-year low of $63.44 and a 1-year high of $142.33. The business has a fifty day simple moving average of $100.46.

Wolfspeed Company Profile (Get Rating)

Wolfspeed, Inc provides silicon carbide and gallium nitride (GaN) materials, power devices, and radio frequency (RF) devices based on wide bandgap semiconductor materials and silicon. The company's silicon carbide and GaN materials comprise silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers.

See Also

Get a free copy of the Zacks research report on Wolfspeed (WOLF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Wolfspeed right now?

Before you consider Wolfspeed, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wolfspeed wasn't on the list.

While Wolfspeed currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here



Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.