Wolfspeed (WOLF) Set to Announce Earnings on Wednesday

Wolfspeed (NYSE:WOLF) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($1.17) per share for the quarter. Wolfspeed has set its Q1 2025 guidance at -1.090–0.900 EPS and its Q1 guidance at $(1.09)-$(0.90) EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Wolfspeed (NYSE:WOLF) last issued its quarterly earnings results on Wednesday, August 21st. The company reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.03) by ($0.03). The company had revenue of $200.70 million during the quarter, compared to analyst estimates of $201.11 million. Wolfspeed had a negative return on equity of 37.76% and a negative net margin of 107.93%. On average, analysts expect Wolfspeed to post $-4 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Wolfspeed Trading Up 0.3 %

Shares of NYSE:WOLF opened at $13.35 on Monday. The company has a current ratio of 4.51, a quick ratio of 3.85 and a debt-to-equity ratio of 6.99. The company has a 50 day moving average of $10.89 and a 200-day moving average of $18.45. Wolfspeed has a twelve month low of $7.28 and a twelve month high of $47.43. The firm has a market cap of $1.69 billion, a P/E ratio of -1.92 and a beta of 1.46.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WOLF shares. Mizuho downgraded shares of Wolfspeed from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $17.00 to $8.00 in a report on Thursday, October 3rd. Morgan Stanley boosted their price target on shares of Wolfspeed from $10.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. The Goldman Sachs Group cut their price target on shares of Wolfspeed from $48.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Oppenheimer restated a “market perform” rating on shares of Wolfspeed in a report on Tuesday, July 9th. Finally, Piper Sandler cut their price target on shares of Wolfspeed from $35.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.43.

Wolfspeed Company Profile

Wolfspeed, Inc operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.