TeraWulf (WULF) Projected to Post Quarterly Earnings on Tuesday

TeraWulf (NASDAQ:WULF) is projected to announce its earnings results before the market opens on Tuesday, March 18th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $37.43 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Friday, February 28th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter 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 Stock Up 9.0 %

Shares of WULF opened at $3.26 on Monday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -16.30 and a beta of 2.70. The company has a 50-day moving average price of $4.77 and a two-hundred day moving average price of $5.51. TeraWulf has a 12 month low of $1.57 and a 12 month high of $9.30.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WULF. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a report on Monday, January 6th. Northland Securities reissued an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. Needham & Company LLC reissued a “buy” rating and issued a $9.50 price target on shares of TeraWulf in a report on Monday, January 13th. Finally, B. Riley raised their price target on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, TeraWulf has a consensus rating of “Buy” and a consensus target price of $8.64.

About TeraWulf

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.