Q1 Earnings Forecast for Wolfspeed Issued By Susquehanna

Wolfspeed, Inc. (NYSE:WOLF) – Research analysts at Susquehanna issued their Q1 2027 earnings per share estimates for Wolfspeed in a note issued to investors on Wednesday, September 23rd. Susquehanna analyst C. Rolland expects that the company will earn ($2.39) per share for the quarter. Susquehanna has a “Neutral” rating and a $30.00 price objective on the stock. The consensus estimate for Wolfspeed’s current full-year earnings is ($8.27) per share. Susquehanna also issued estimates for Wolfspeed’s Q2 2027 earnings at ($2.31) EPS, FY2027 earnings at ($9.05) EPS and FY2028 earnings at ($7.43) EPS.

Wolfspeed (NYSE:WOLF) last issued its earnings results on Wednesday, August 19th. The company reported ($2.26) EPS for the quarter, topping the consensus estimate of ($2.45) by $0.19. The company had revenue of $149.60 million for the quarter, compared to analysts’ expectations of $150.00 million. During the same quarter in the previous year, the firm posted ($0.77) earnings per share. Wolfspeed’s revenue for the quarter was down 24.1% on a year-over-year basis.

Several other research analysts have also weighed in on WOLF. TD Cowen restated a “hold” rating and set a $25.00 target price on shares of Wolfspeed in a research report on Thursday, August 20th. Weiss Ratings upgraded shares of Wolfspeed from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 24th. Finally, Wall Street Zen lowered Wolfspeed from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 19th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Wolfspeed currently has an average rating of “Hold” and a consensus target price of $25.00.

Wolfspeed Stock Up 0.1%

Shares of NYSE WOLF opened at $27.59 on Monday. Wolfspeed has a 52 week low of $8.05 and a 52 week high of $80.82. The firm has a 50-day moving average price of $26.96 and a 200 day moving average price of $34.33. The stock has a market capitalization of $1.46 billion and a price-to-earnings ratio of -1.75.

Hedge Funds Weigh In On Wolfspeed

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renesas Electronics America Inc. purchased a new position in shares of Wolfspeed during the 2nd quarter worth approximately $813,126,949. First Trust Advisors LP lifted its stake in Wolfspeed by 60.6% in the 1st quarter. First Trust Advisors LP now owns 98,874 shares of the company’s stock valued at $1,614,000 after buying an additional 37,313 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Wolfspeed in the 1st quarter valued at approximately $1,796,000. Readystate Asset Management LP acquired a new stake in Wolfspeed during the 2nd quarter valued at $6,841,000. Finally, Panview Capital Ltd acquired a new stake in Wolfspeed during the 2nd quarter valued at $6,952,000.

Wolfspeed Company Profile

Wolfspeed, Inc is a semiconductor company focused on silicon carbide and gallium nitride technologies. The company develops and manufactures power semiconductors, materials and related components designed to improve energy efficiency and performance in high-power electrical systems.

Its product portfolio includes silicon carbide materials, discrete power devices, power modules and radio-frequency products. These products serve applications such as electric vehicles, charging infrastructure, renewable energy systems, industrial equipment, telecommunications, aerospace and defense.

Wolfspeed was formerly known as Cree, Inc, which was founded in 1987.