Wolfspeed (WOLF) Set to Announce Earnings on Wednesday

Wolfspeed (NYSE:WOLF - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Wolfspeed to post earnings of ($1.17) per share for the quarter. Wolfspeed has set its Q1 2025 guidance at -1.090--0.900 EPS and its Q1 guidance at $(1.09)-$(0.90) EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Wolfspeed (NYSE:WOLF - Get Free Report) last posted its earnings results on Wednesday, August 21st. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($1.03) by ($0.03). The firm had revenue of $200.70 million during the quarter, compared to analyst estimates of $201.11 million. Wolfspeed had a negative return on equity of 37.76% and a negative net margin of 107.93%. On average, analysts expect Wolfspeed to post $-4 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Wolfspeed Trading Up 1.9 %

WOLF stock traded up $0.29 during midday trading on Wednesday, hitting $15.74. 2,157,695 shares of the company's stock were exchanged, compared to its average volume of 6,381,867. Wolfspeed has a one year low of $7.28 and a one year high of $47.43. The stock's fifty day moving average price is $10.86 and its 200-day moving average price is $18.64. The company has a market cap of $2.00 billion, a PE ratio of -2.27 and a beta of 1.52. The company has a debt-to-equity ratio of 6.99, a quick ratio of 3.85 and a current ratio of 4.51.

Analysts Set New Price Targets

WOLF has been the subject of a number of research analyst reports. Oppenheimer reiterated a "market perform" rating on shares of Wolfspeed in a report on Tuesday, July 9th. Bank of America lowered their price objective on shares of Wolfspeed from $25.00 to $15.00 and set an "underperform" rating on the stock in a report on Friday, August 23rd. Canaccord Genuity Group reduced their price objective on shares of Wolfspeed from $45.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. TD Cowen decreased their price objective on shares of Wolfspeed from $25.00 to $15.00 and set a "hold" rating for the company in a research report on Thursday, August 22nd. Finally, Piper Sandler cut their target price on shares of Wolfspeed from $35.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Wolfspeed presently has a consensus rating of "Hold" and a consensus target price of $22.43.

Wolfspeed Company Profile

Wolfspeed, Inc operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.