TeraWulf (WULF) Scheduled to Post Quarterly Earnings on Tuesday

TeraWulf (NASDAQ:WULF) is scheduled to issue 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 wish to listen to the company’s conference call can do so using this link.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $35.57 million for the quarter, compared to analyst estimates of $35.73 million. TeraWulf had a negative return on equity of 19.77% and a negative net margin of 41.67%. 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 0.5 %

WULF opened at $8.25 on Friday. TeraWulf has a 52 week low of $0.89 and a 52 week high of $8.40. The business’s 50 day moving average is $5.12 and its two-hundred day moving average is $4.20.

Wall Street Analysts Forecast Growth

WULF has been the topic of a number of recent research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of TeraWulf in a report on Thursday, October 3rd. Stifel Canada lowered TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Needham & Company LLC initiated coverage on TeraWulf in a report on Wednesday, September 4th. They issued a “buy” rating and a $6.00 target price on the stock. B. Riley reissued a “buy” rating and issued a $6.00 target price on shares of TeraWulf in a report on Monday, October 7th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $5.00 target price on shares of TeraWulf in a report on Tuesday, October 8th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $6.17.

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.