Wolfspeed's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Wolfspeed (NYSE:WOLF) is set to release its quarterly earnings report on October 30, 2023. Analysts estimate an earnings per share (EPS) of $-0.67. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. Shares are currently trading at $30.64 and are down 62.53% over the last 52-week period.
October 27, 2023 | 3:01 pm
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NEGATIVE IMPACT
Wolfspeed's upcoming earnings report could potentially impact its stock price. The company has a history of missing EPS estimates, which has previously led to drops in share price.
Wolfspeed has a history of missing EPS estimates, which has led to significant drops in its share price. Given this trend and the current analyst estimate of a negative EPS, it is likely that the company's stock price could be negatively impacted following the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100