For its third fiscal quarter (ending March 31), Wolfspeed Inc (NYSE: WOLF) has reported E.P.S. of $-1.18 compared to $-0.80 a year ago. Relative to the consensus estimate of $-0.39, this was a shortfall of $-0.79. For the latest four quarters through March 31, E.P.S. were $-4.09 versus $-2.24 for the same period a year ago.
Recent Price Action
Wolfspeed Inc (NYSE: WOLF) stock closed at $26.11 on 5/1/24 after a decline of -3.4%. NORMAL trading volume accompanied the decline. The stock has risen 15.7% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WOLF is expected to continue to be a modest Value Builder.
Wolfspeed has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Wolfspeed has a poor Appreciation Score of 27 and a poor Power Rating of 19, leading to the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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