Wolfspeed: Q4 Earnings Insights

 

Wolfspeed WOLF reported its Q4 earnings results on Wednesday, August 17, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Wolfspeed posted an EPS of $-0.02.

Revenue was up $82.70 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 14.8% drop in the share price the next day.

Here's a look at Wolfspeed's past performance:

 

Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate -0.14 -0.18 -0.23 -0.24
EPS Actual -0.12 -0.16 -0.21 -0.23
Revenue Estimate 190.68M 169.30M 149.17M 145.17M
Revenue Actual 188.00M 173.10M 156.60M 145.80M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Wolfspeed management provided guidance for Q1 2023, expecting earnings between $-0.08 and $-0.02 per share.

To track all earnings releases for Wolfspeed visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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