TeraWulf Likely To Report Narrower Q4 Loss; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

TeraWulf Inc. WULF is expected to release earnings results for its fourth quarter, after the closing bell on March 19, 2024.

Analysts expect the Easton, Maryland-based company to report quarterly loss at 2 cents per share, versus a year-ago loss of 19 cents per share. TeraWulf is projected to report quarterly revenue of $24.16 million, compared to $9.57 million in the year-earlier quarter, according to data from Benzinga Pro.

On March 6, TeraWulf said it sees preliminary FY23 revenue of $69 million, versus estimates of $69.52 million.

TeraWulf shares fell 2.8% to close at $1.73 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Cantor Fitzgerald analyst Josh Siegler maintained an Overweight rating and raised the price target from $3 to $4 on Feb. 23, 2024. This analyst has an accuracy rate of 79%.
• Stifel analyst Bill Papanastasiou initiated coverage on the stock with a Buy rating and a price target of $3 on Oct. 18, 2023. This analyst has an accuracy rate of 74%.
• Compass Point analyst Chase White initiated coverage on the stock with a Buy rating and a price target of $3 on Sept. 7, 2023. This analyst has an accuracy rate of 68%.
• B. Riley Securities analyst Lucas Pipes maintained a Buy rating and cut the price target from $5 to $4 on Aug. 18, 2023. This analyst has an accuracy rate of 63%.

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