HC Wainwright Issues Pessimistic Forecast for Hut 8 Earnings

Hut 8 Corp. (TSE:HUT) – Investment analysts at HC Wainwright cut their Q1 2025 earnings per share estimates for shares of Hut 8 in a research note issued on Tuesday, March 4th. HC Wainwright analyst M. Colonnese now expects that the company will earn ($0.29) per share for the quarter, down from their prior estimate of ($0.18). The consensus estimate for Hut 8’s current full-year earnings is $0.56 per share. HC Wainwright also issued estimates for Hut 8’s Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.13) EPS, Q4 2025 earnings at ($0.13) EPS and FY2025 earnings at ($0.73) EPS.

Several other brokerages have also issued reports on HUT. Cantor Fitzgerald upgraded Hut 8 to a “strong-buy” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods raised shares of Hut 8 to a “moderate buy” rating in a research note on Wednesday, January 8th.

Hut 8 Price Performance

Shares of TSE:HUT opened at C$21.41 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 55.87. The stock has a market capitalization of C$1.42 billion, a PE ratio of 5.24 and a beta of 3.45. The firm has a 50 day moving average of C$30.47 and a 200-day moving average of C$26.45. Hut 8 has a 12 month low of C$9.15 and a 12 month high of C$45.20.

About Hut 8

Hut 8 Mining Corp is North America’s innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin’s market direction.