Terawulf Inc reports results for the quarter ended March 31 - Earnings Summary

• Terawulf Inc WULF.OQ reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of eight analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -11 cents to -2 cents per share.

• Revenue rose 12.3% to $47.64 million from a year ago; analysts expected $46.25 million.

• Terawulf Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $18.37 million.

• Terawulf Inc shares had risen by 12.8% this quarter and lost 12.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 1 "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, about 29.4% above its last closing price of $4.94

This summary was machine generated from LSEG data August 8 at 02:14 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)