Terawulf Inc reports results for the quarter ended September 30 - Earnings Summary

Terawulf

13/11/2024 14:25

* Terawulf Inc  WULF.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -9 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 3 cents per share. Wall Street
expected results to range from -6 cents tozero cents per share.
    * Revenue rose 42.8% to $27.06 million from a year ago;
analysts
expected $34.28 million. 
    * Terawulf Inc's reported EPS for the quarter was a loss
of 6
cents​.
    * The company reported a quarterly loss of $23.03 million.
    * Terawulf Inc shares had risen by 82.3% this quarter and
gained 255.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 35.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the blockchain &
cryptocurrency peer group is also "buy"

Wall Street's median 12-month price target for Terawulf Inc is
$7.00 
This summary was machine generated from LSEG data November 13 at
02:25 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.03          -0.06          Missed
 Jun. 30 2024      -0.02          -0.03          Missed
 Mar. 31 2024      0.04           -0.02          Missed
 Dec. 31 2023      -0.02          -0.03          Missed