TeraWulf Likely To Report Narrower Q4 Loss; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
TeraWulf Inc. (NASDAQ:WULF) is anticipated to report a narrower Q4 loss of 2 cents per share compared to last year's 19 cents, with revenue expected at $24.16 million, up from $9.57 million. The company's preliminary FY23 revenue is projected at $69 million. Shares fell 2.8% to $1.73. Analysts from Cantor Fitzgerald, Stifel, Compass Point, and B. Riley Securities have provided ratings and price targets, with the most recent being an Overweight rating and a target of $4 from Cantor Fitzgerald.
March 19, 2024 | 2:41 pm
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TeraWulf Inc. is expected to report a significantly narrower Q4 loss and a substantial increase in revenue. Analysts have recently adjusted their ratings and price targets, indicating a positive outlook.
The expected improvement in TeraWulf's financial performance, with a narrower loss and increased revenue, coupled with positive analyst ratings and price target adjustments, suggests a potential positive short-term impact on the stock. The recent share price drop may offer a buying opportunity ahead of the earnings release, reflecting investor anticipation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100