Wolfspeed's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Wolfspeed (NYSE:WOLF) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $-0.66. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Wolfspeed's stock price has been sensitive to earnings performance and guidance. Last quarter, the company beat the EPS estimate, resulting in a 22.08% stock price increase the following day. Over the past year, Wolfspeed's shares have declined by 58.03%, indicating a bearish sentiment among long-term shareholders.
January 30, 2024 | 5:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wolfspeed is anticipated to report quarterly earnings with investors focusing on an earnings beat and positive future guidance. Historical data shows significant stock movement post-earnings, with a 22.08% increase after last quarter's beat.
Given the historical sensitivity of Wolfspeed's stock to earnings performance and guidance, a positive report could lead to a short-term price increase. However, the long-term bearish trend may temper gains. Confidence is not at 100 due to market unpredictability and the current bearish sentiment.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100