TeraWulf Inc. (WULF) saw its stock price plummet by a significant 10.78% during Thursday's intraday trading session, following a major downgrade in revenue and earnings forecasts by analysts covering the company.
According to the latest analyst consensus, TeraWulf's revenue estimates for 2025 have been slashed from $287 million to $250 million, representing a 78% improvement over the last 12 months but notably weaker than previously anticipated. Earnings per share (EPS) estimates have also been revised sharply lower, with analysts now projecting a loss of $0.023 per share in 2025 instead of the previously forecasted profit of $0.13 per share.
The bearish revisions reflect concerns over TeraWulf's growth prospects and profitability, with analysts citing the company's weaker-than-expected outlook as the primary reason for the downgrades. As a result, the consensus price target for TeraWulf's stock has been lowered by 7.9% to $9.06, reflecting the reduced confidence in the company's future performance.
Comments