TeraWulf (NASDAQ:WULF) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

TeraWulf (NASDAQ:WULF) announced its quarterly earnings data on Friday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04), Zacks reports. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The company had revenue of $35.00 million during the quarter, compared to analyst estimates of $37.43 million. The business’s revenue for the quarter was up 50.2% compared to the same quarter last year.

TeraWulf Price Performance

Shares of TeraWulf stock traded up $0.61 during trading on Friday, hitting $4.22. 106,242,787 shares of the company were exchanged, compared to its average volume of 46,436,930. TeraWulf has a 1-year low of $1.57 and a 1-year high of $9.30. The firm’s fifty day moving average price is $5.31 and its 200 day moving average price is $5.56.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WULF. Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Keefe, Bruyette & Woods assumed coverage on TeraWulf in a research report on Wednesday, January 8th. They issued a “market perform” rating for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Monday, January 13th. Northland Securities reiterated an “outperform” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Tuesday, December 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.00 price objective on shares of TeraWulf in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price 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.