Wolfspeed (WOLF) Set to Announce Quarterly Earnings on Wednesday

Wolfspeed (NYSE:WOLF) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($1.17) per share for the quarter. Wolfspeed has set its Q1 2025 guidance at -1.090–0.900 EPS and its Q1 guidance at $(1.09)-$(0.90) EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Wolfspeed (NYSE:WOLF) last issued its earnings results on Wednesday, August 21st. The company reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.03) by ($0.03). Wolfspeed had a negative net margin of 107.93% and a negative return on equity of 37.76%. The firm had revenue of $200.70 million for the quarter, compared to the consensus estimate of $201.11 million. On average, analysts expect Wolfspeed to post $-4 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Wolfspeed Price Performance

WOLF opened at $15.45 on Wednesday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -2.39 and a beta of 1.52. The company has a current ratio of 4.51, a quick ratio of 3.85 and a debt-to-equity ratio of 6.99. Wolfspeed has a 12-month low of $7.28 and a 12-month high of $47.43. The business’s fifty day simple moving average is $10.86 and its 200-day simple moving average is $18.64.

Analyst Upgrades and Downgrades

WOLF has been the topic of a number of research reports. TD Cowen cut their target price on shares of Wolfspeed from $25.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, August 22nd. Bank of America cut their price objective on shares of Wolfspeed from $25.00 to $15.00 and set an “underperform” rating on the stock in a report on Friday, August 23rd. Mizuho lowered Wolfspeed from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $17.00 to $8.00 in a report on Thursday, October 3rd. Oppenheimer reissued a “market perform” rating on shares of Wolfspeed in a research report on Tuesday, July 9th. Finally, Morgan Stanley raised their price objective on Wolfspeed from $10.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.43.

Wolfspeed Company Profile

Wolfspeed, Inc operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.