TeraWulf (WULF) Projected to Post Earnings on Tuesday

TeraWulf (NASDAQ:WULF) will likely be posting 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 interested in listening to the company’s earnings conference call can do so using this link.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Friday, February 28th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $35.00 million during the quarter, compared to the consensus estimate of $37.43 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. TeraWulf’s quarterly 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 Stock Up 9.0 %

NASDAQ WULF opened at $3.26 on Friday. The stock has a market cap of $1.26 billion, a P/E ratio of -16.30 and a beta of 2.70. The company’s 50-day simple moving average is $4.77 and its 200 day simple moving average is $5.50. TeraWulf has a twelve month low of $1.57 and a twelve month high of $9.30.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. B. Riley upped their target price on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of TeraWulf in a research note on Monday, March 3rd. Northland Securities reaffirmed an “outperform” rating and set a $10.00 price objective on shares of TeraWulf in a research note on Tuesday, December 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $9.50 price objective on shares of TeraWulf in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods began coverage on shares of TeraWulf in a research note on Wednesday, January 8th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, TeraWulf has an average rating of “Buy” and a consensus 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.