TeraWulf (NASDAQ:WULF) Posts Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Key Points

• TeraWulf reported $(0.29) EPS, missing the consensus $(0.12) by $0.17 and generating $35.84 million in revenue versus $44.08 million expected, while showing a severely negative ROE (69.75%) and net margin (-336.53%).
• The stock traded at $17.88 (market cap ~$7.49B) and, despite the miss, benefits from heavy institutional ownership (62.49%) and a consensus analyst rating of "Moderate Buy" with a $20.31 price target, supported by recent large stakes from Voloridge, Wellington and Marshall Wace.

TeraWulf (NASDAQ:WULF - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.17), FiscalAI reports. The business had revenue of $35.84 million for the quarter, compared to analyst estimates of $44.08 million. TeraWulf had a negative return on equity of 69.75% and a negative net margin of 336.53%.

TeraWulf Trading Down 0.2%

NASDAQ WULF traded down $0.04 during mid-day trading on Thursday, hitting $17.88. The company's stock had a trading volume of 24,829,445 shares, compared to its average volume of 32,057,547. The firm has a market capitalization of $7.49 billion, a P/E ratio of -12.59 and a beta of 3.69. The company has a debt-to-equity ratio of 4.45, a current ratio of 1.03 and a quick ratio of 1.03. TeraWulf has a 52-week low of $2.06 and a 52-week high of $18.51. The stock's fifty day simple moving average is $13.95 and its two-hundred day simple moving average is $12.73.

Institutional Trading of TeraWulf

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Voloridge Investment Management LLC acquired a new position in shares of TeraWulf in the third quarter worth about $69,006,000. Wellington Management Group LLP grew its stake in shares of TeraWulf by 36,193.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,901,878 shares of the company's stock valued at $44,559,000 after buying an additional 3,891,127 shares in the last quarter. Marshall Wace LLP lifted its stake in TeraWulf by 574.2% in the fourth quarter. Marshall Wace LLP now owns 3,186,200 shares of the company's stock valued at $36,609,000 after acquiring an additional 2,713,587 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of TeraWulf by 22.2% in the 2nd 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 during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of TeraWulf during the 3rd quarter worth about $27,220,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on WULF shares. Weiss Ratings reissued a "sell (d-)" rating on shares of TeraWulf in a report on Monday, December 29th. Northland Securities set a $23.25 price target on shares of TeraWulf in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods upgraded shares of TeraWulf from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $9.50 to $24.00 in a report on Wednesday, December 31st. Morgan Stanley started coverage on shares of TeraWulf in a report on Monday, February 9th. They issued an "overweight" rating and a $37.00 price objective on the stock. Finally, B. Riley Financial lifted their target price on TeraWulf from $22.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, November 12th. Twelve equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, TeraWulf has a consensus rating of "Moderate Buy" and a consensus price target of $20.31.

TeraWulf Company Profile

TeraWulf, Inc NASDAQ: WULF is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.

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