Research Analysts Set Expectations for TeraWulf Q4 Earnings

Key Points

• Roth Capital cut its Q4 2025 EPS estimate for TeraWulf to ($0.26) from ($0.12) and forecasts FY2026 EPS of ($1.29) and FY2027 EPS of ($0.62), while maintaining a "Buy" rating and a $12.50 price target.
• TeraWulf severely missed its latest quarter, reporting EPS of ($1.13) versus consensus ($0.04) and revenue of $50.58M (vs. $56.27M expected), with a negative net margin of 91.42%.
• Shares traded down about 5.8% to $11.91 after the report; analysts’ consensus is a "Moderate Buy" with an average target of $18.42, institutional investors hold ~62.5% of the stock, and an insider recently sold shares.

TeraWulf Inc. (NASDAQ:WULF - Free Report) - Stock analysts at Roth Capital reduced their Q4 2025 EPS estimates for shares of TeraWulf in a research report issued on Tuesday, November 11th. Roth Capital analyst D. Aftahi now expects that the company will post earnings per share of ($0.26) for the quarter, down from their previous estimate of ($0.12). Roth Capital has a "Buy" rating and a $12.50 price objective on the stock. The consensus estimate for TeraWulf's current full-year earnings is ($0.17) per share. Roth Capital also issued estimates for TeraWulf's Q1 2026 earnings at ($0.28) EPS, Q2 2026 earnings at ($0.36) EPS, Q3 2026 earnings at ($0.34) EPS, Q4 2026 earnings at ($0.30) EPS, FY2026 earnings at ($1.29) EPS and FY2027 earnings at ($0.62) EPS.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported ($1.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($1.09). The business had revenue of $50.58 million during the quarter, compared to analysts' expectations of $56.27 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The company's revenue for the quarter was up 86.9% on a year-over-year basis.

Several other brokerages have also issued reports on WULF. JMP Securities set a $22.00 target price on TeraWulf in a research report on Wednesday, October 29th. Citigroup reiterated a "market outperform" rating on shares of TeraWulf in a report on Tuesday. Wall Street Zen cut shares of TeraWulf from a "hold" rating to a "sell" rating in a report on Sunday, October 26th. B. Riley increased their price target on shares of TeraWulf from $22.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, UBS Group set a $18.25 price target on shares of TeraWulf in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, TeraWulf has an average rating of "Moderate Buy" and a consensus target price of $18.42.

TeraWulf Trading Down 5.8%

WULF traded down $0.74 during trading on Thursday, hitting $11.91. 10,316,387 shares of the stock traded hands, compared to its average volume of 44,855,492. The firm has a 50-day moving average of $12.58 and a 200 day moving average of $7.71. TeraWulf has a 12-month low of $2.06 and a 12-month high of $17.05. The firm has a market capitalization of $4.86 billion, a P/E ratio of -34.16 and a beta of 3.57. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66.

Hedge Funds Weigh In On TeraWulf

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in TeraWulf by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 24,480,051 shares of the company's stock worth $279,562,000 after buying an additional 674,474 shares during the last quarter. Bank of America Corp DE grew its position in shares of TeraWulf by 22.2% in the second quarter. Bank of America Corp DE now owns 14,392,299 shares of the company's stock valued at $63,038,000 after purchasing an additional 2,617,617 shares in the last quarter. Hodges Capital Management Inc. boosted its position in shares of TeraWulf by 13.8% during the 2nd quarter. Hodges Capital Management Inc. now owns 4,062,480 shares of the company's stock valued at $17,794,000 after acquiring an additional 493,001 shares during the last quarter. Tidal Investments LLC increased its stake in TeraWulf by 6.0% during the second quarter. Tidal Investments LLC now owns 2,673,105 shares of the company's stock worth $11,708,000 after acquiring an additional 150,346 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of TeraWulf by 64.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,646,707 shares of the company's stock valued at $11,590,000 after buying an additional 1,033,073 shares during the period. Hedge funds and other institutional investors own 62.49% of the company's stock.

Insider Activity at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the sale, the director owned 40,769 shares of the company's stock, valued at approximately $352,244.16. This represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 19.90% of the company's stock.

TeraWulf Company Profile

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.

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