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.
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