TeraWulf Q1 2024 GAAP EPS $(0.03) Misses $0.04 Estimate, Sales $42.433M Miss $51.092M Estimate
Portfolio Pulse from Benzinga Newsdesk
TeraWulf (NASDAQ:WULF) reported Q1 2024 earnings with a GAAP EPS of $(0.03), missing the $0.04 estimate, and sales of $42.433M, below the $51.092M estimate. Despite these misses, both earnings and sales showed significant improvement from the same period last year, with earnings increasing by 81.25% and sales by 267.93%.
May 13, 2024 | 8:09 pm
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NEGATIVE IMPACT
TeraWulf's Q1 2024 earnings missed estimates with a GAAP EPS of $(0.03) and sales of $42.433M, indicating potential short-term negative impact on its stock price despite significant year-over-year growth.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the significant year-over-year growth in both earnings and sales may mitigate some of the negative impact, suggesting a cautious approach to the stock's short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100