TeraWulf Inc. WULF shares rallied 10.1% in the last trading session to close at $14.8. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.3% loss over the past four weeks.
WULF stock climbed on major hyperscaler-backed agreements, multibillion-dollar financing success, early HPC revenue traction, and higher expansion targets pointing to durable AI infrastructure growth.
This company is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of -50%. Revenues are expected to be $43.07 million, up 23.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For TeraWulf, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on WULF going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
TeraWulf is part of the Zacks Financial - Miscellaneous Services industry. BCP Investment BCIC, another stock in the same industry, closed the last trading session 0.7% lower at $12.09. BCIC has returned 0.9% in the past month.
For BCP Investment, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.52. This represents a change of -13.3% from what the company reported a year ago. BCP Investment currently has a Zacks Rank of #3 (Hold).
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TeraWulf Inc. (WULF): Free Stock Analysis Report BCP Investment Corporation (BCIC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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