Earnings Preview: Wolfspeed
Portfolio Pulse from Benzinga Insights
Wolfspeed (NYSE:WOLF) is set to release its latest quarterly earnings report on Wednesday, 2023-08-16. Analysts estimate an earnings per share (EPS) of $-0.20. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. Shares of Wolfspeed were trading at $56.19 as of August 14, with a 34.86% decrease over the last 52-week period.
August 15, 2023 | 2:01 pm
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Wolfspeed is expected to report an EPS of $-0.20 in its upcoming earnings report. Despite beating EPS estimates in the past, the company's share price has typically dropped following the announcement.
Wolfspeed has a history of beating EPS estimates but this has often been followed by a drop in share price. Given this trend and the negative EPS estimate, it's likely that the stock price will be negatively impacted in the short term.
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IMPORTANCE 80
RELEVANCE 100