Research Analysts Set Expectations for Hut 8 Q3 Earnings

Hut 8 Corp. (TSE:HUT) – Equities research analysts at Maxim Group issued their Q3 2026 earnings per share (EPS) estimates for shares of Hut 8 in a research note issued to investors on Wednesday, August 5th. Maxim Group analyst A. Klee expects that the company will earn ($2.28) per share for the quarter. Maxim Group currently has a “Strong-Buy” rating on the stock. The consensus estimate for Hut 8’s current full-year earnings is $0.56 per share. Maxim Group also issued estimates for Hut 8’s Q4 2026 earnings at ($2.15) EPS, Q1 2027 earnings at ($2.22) EPS, Q2 2027 earnings at ($4.15) EPS, Q3 2027 earnings at ($7.92) EPS, Q4 2027 earnings at ($7.01) EPS, FY2027 earnings at ($21.30) EPS, Q1 2028 earnings at ($6.67) EPS, Q2 2028 earnings at ($11.73) EPS and FY2028 earnings at ($39.88) EPS.

Separately, Jefferies Financial Group raised shares of Hut 8 to a “strong-buy” rating in a research note on Thursday, May 14th. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Hut 8 Trading Down 1.9%

HUT stock opened at C$127.44 on Friday. The firm has a fifty day moving average price of C$155.64 and a 200 day moving average price of C$114.06. Hut 8 has a fifty-two week low of C$25.68 and a fifty-two week high of C$194.28. The firm has a market cap of C$15.71 billion, a PE ratio of -45.19 and a beta of 4.58. The company has a debt-to-equity ratio of 30.65, a quick ratio of 1.25 and a current ratio of 0.86.

Institutional Trading of Hut 8

A hedge fund recently bought a new stake in Hut 8 stock. Dockside LLC acquired a new position in shares of Hut 8 Corp. (TSE:HUT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,252 shares of the company’s stock, valued at approximately $722,000. 37.66% of the stock is owned by hedge funds and other institutional investors.

Hut 8 News Roundup

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Maxim Group upgraded Hut 8 to “Strong-Buy,” providing a positive analyst signal. However, the firm’s accompanying forecasts still project substantial losses in future periods. Zacks.com analyst upgrade
• Positive Sentiment: Optimistic research coverage highlighted Hut 8’s reported $26.6 billion contracted backlog and non-dilutive debt financing as support for its pivot toward AI data centers. If executed successfully, the backlog could improve long-term revenue visibility while limiting shareholder dilution. Hut 8 contracted backlog and debt article
• Neutral Sentiment: Another bullish analysis argued that investors may be underestimating Hut 8’s second-quarter results and that full commercialization of the Beacon Point project is the more important catalyst. This supports the longer-term story but depends on future execution. Hut 8 Beacon Point commercialization article
• Negative Sentiment: Northland Securities substantially cut its 2026 EPS forecasts to losses of $1.48 per share for the third quarter, $1.40 for the fourth quarter and $4.72 for the full year, versus materially less pessimistic prior estimates. The revisions conflict with the current-year consensus estimate of positive $0.56 EPS and may weigh on valuation.
• Negative Sentiment: Maxim’s forecasts also anticipate escalating losses, including $21.30 per share for fiscal 2027 and $39.88 for fiscal 2028. In addition, the company reportedly faces ERCOT delays for its planned 1-gigawatt Texas AI data center, raising concerns about the timing of commercialization and revenue generation. Hut 8 ERCOT delays article

Hut 8 Company Profile

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.