TeraWulf (WULF) Projected to Post Earnings on Tuesday

TeraWulf (NASDAQ:WULF - Get Free Report) is expected to post its quarterly earnings results before the market opens on Tuesday, March 18th. Analysts expect TeraWulf to post earnings of ($0.04) per share and revenue of $37.43 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its earnings results on Friday, February 28th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $35.00 million for the quarter, compared to the consensus estimate of $37.43 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The business's revenue was up 50.2% compared to the same quarter last year. On average, analysts expect TeraWulf to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TeraWulf Price Performance

Shares of WULF stock traded up $0.27 during trading hours on Friday, hitting $3.26. 46,159,463 shares of the company's stock were exchanged, compared to its average volume of 44,744,496. The stock's 50-day moving average is $4.83 and its 200-day moving average is $5.51. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -16.30 and a beta of 2.70. TeraWulf has a 52 week low of $1.57 and a 52 week high of $9.30.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WULF. Keefe, Bruyette & Woods began coverage on TeraWulf in a report on Wednesday, January 8th. They set a "market perform" rating on the stock. B. Riley raised their price target on TeraWulf from $8.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Needham & Company LLC reiterated a "buy" rating and issued a $9.50 price target on shares of TeraWulf in a report on Monday, January 13th. Atb Cap Markets upgraded TeraWulf to a "strong-buy" rating in a report on Sunday, January 5th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $8.64.

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.