TeraWulf (WULF) to Release Earnings on Tuesday

TeraWulf (NASDAQ:WULF - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. TeraWulf had a negative net margin of 41.67% and a negative return on equity of 19.77%. The company had revenue of $35.57 million for the quarter, compared to the consensus estimate of $35.73 million. 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 3.8 %

Shares of NASDAQ:WULF traded up $0.23 on Tuesday, reaching $6.21. 19,774,908 shares of the company traded hands, compared to its average volume of 20,771,771. The business's 50-day simple moving average is $4.86 and its 200 day simple moving average is $4.08. TeraWulf has a 52 week low of $0.89 and a 52 week high of $7.28.

Wall Street Analysts Forecast Growth

WULF has been the topic of a number of recent research reports. Stifel Canada cut TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, October 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 target price on shares of TeraWulf in a research note on Thursday, October 3rd. Roth Mkm reissued a "buy" rating and issued a $6.50 target price on shares of TeraWulf in a research note on Monday, July 8th. B. Riley reissued a "buy" rating and issued a $6.00 target price on shares of TeraWulf in a research note on Monday, October 7th. Finally, Needham & Company LLC assumed coverage on TeraWulf in a research note on Wednesday, September 4th. They issued a "buy" rating and a $6.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $6.17.

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.