TeraWulf (NASDAQ:WULF) Issues Earnings Results, Misses Estimates By $0.04 EPS

Posted by Jessica Moore on Feb 28th, 2025

TeraWulf (NASDAQ:WULF – Get Free Report) announced its quarterly earnings results on Friday. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04), Zacks reports. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The firm had revenue of $35.00 million for the quarter, compared to analyst estimates of $37.43 million. The business’s revenue was up 50.2% compared to the same quarter last year.

TeraWulf Trading Up 12.3 %

Shares of TeraWulf stock traded up $0.45 during trading on Friday, hitting $4.06. The stock had a trading volume of 95,013,504 shares, compared to its average volume of 45,947,020. The business has a fifty day moving average of $5.31 and a two-hundred day moving average of $5.56. TeraWulf has a fifty-two week low of $1.57 and a fifty-two week high of $9.30.

Analysts Set New Price Targets

WULF has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $9.50 price objective on shares of TeraWulf in a research note on Monday, January 13th. Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research note on Monday, January 6th. B. Riley increased their price target on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of TeraWulf in a research note on Wednesday, January 8th. They set a “market perform” rating on the stock. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $8.64.

Read Our Latest Research Report on WULF

TeraWulf Company Profile

(Get Free Report)

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.