TeraWulf (WULF) to Release Earnings on Tuesday

TeraWulf (NASDAQ:WULF - Get Free Report) is expected 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 interested in listening to the company's earnings conference call can do so using this link.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). The firm had revenue of $35.00 million for the quarter, compared to analysts' expectations of $37.43 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The company'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 Performance

Shares of WULF stock traded up $0.36 on Wednesday, hitting $3.32. The stock had a trading volume of 33,965,291 shares, compared to its average volume of 26,437,215. TeraWulf has a 52-week low of $1.57 and a 52-week high of $9.30. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -16.63 and a beta of 2.70. The stock's 50 day moving average is $4.64 and its 200-day moving average is $5.50.

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Wall Street Analyst Weigh In

A number of brokerages recently commented on WULF. B. Riley increased 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. Northland Securities reiterated an "outperform" rating and set a $10.00 target price on shares of TeraWulf in a research note on Tuesday, December 24th. Cantor Fitzgerald restated an "overweight" rating and issued a $11.00 price target on shares of TeraWulf in a research note on Monday, January 6th. Needham & Company LLC reiterated a "buy" rating and set a $9.50 price objective on shares of TeraWulf in a research note on Monday, January 13th. Finally, Atb Cap Markets raised shares of TeraWulf to a "strong-buy" rating in a report on Sunday, January 5th. One research 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. Based on data from MarketBeat.com, TeraWulf currently has an average rating of "Buy" and an average 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.