Analysts Set Expectations for Hut 8's Q3 Earnings (TSE:HUT)

Key Points

• Maxim Group modestly raised Hut 8’s Q3 2026 EPS estimate to a loss of C$2.25 per share from a previously projected loss of C$2.28, while maintaining its “Strong Buy” rating.
• Analyst sentiment is broadly bullish: eight analysts rate Hut 8 a Strong Buy, one rates it Buy and one rates it Hold. However, Maxim’s longer-term forecasts imply substantial losses, including C$5.66 per share in FY2026 and C$21.05 in FY2027.
• Hut 8 shares opened at C$119.09, well below their 52-week high of C$194.28, with institutional investors owning 39.71% of the company; hedge fund Dockside LLC recently bought approximately C$722,000 of stock.

Hut 8 Corp. (TSE:HUT - Free Report) - Analysts at Maxim Group upped their Q3 2026 earnings estimates for shares of Hut 8 in a research report issued to clients and investors on Monday, October 12th. Maxim Group analyst A. Klee now expects that the company will post earnings per share of ($2.25) for the quarter, up from their prior estimate of ($2.28). Maxim Group 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 ($2.07) EPS, FY2026 earnings at ($5.66) EPS, Q1 2027 earnings at ($2.12) EPS, Q2 2027 earnings at ($4.08) EPS, Q3 2027 earnings at ($7.89) EPS, Q4 2027 earnings at ($6.96) EPS, FY2027 earnings at ($21.05) EPS, Q1 2028 earnings at ($6.64) EPS, Q2 2028 earnings at ($11.83) EPS, Q3 2028 earnings at ($11.07) EPS and FY2028 earnings at ($40.08) EPS.

A number of other analysts have also recently issued reports on HUT. Freedom Broker raised shares of Hut 8 to a "strong-buy" rating in a research note on Tuesday, August 18th. UBS Group upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Wednesday, September 23rd. Wells Fargo & Company upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Thursday, September 17th. Freedom Capital raised shares of Hut 8 to a "strong-buy" rating in a report on Tuesday, August 18th. Finally, Roth Capital raised shares of Hut 8 to a "strong-buy" rating in a report on Wednesday, October 7th. Eight analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Strong Buy".

Hut 8 Price Performance

Shares of TSE:HUT opened at C$119.09 on Wednesday. The company has a market capitalization of C$14.68 billion, a P/E ratio of -22.05 and a beta of 4.58. Hut 8 has a 1-year low of C$44.82 and a 1-year high of C$194.28. The firm's 50 day simple moving average is C$124.76 and its two-hundred day simple moving average is C$131.33. The company has a debt-to-equity ratio of 30.65, a current ratio of 0.86 and a quick ratio of 1.25.

Institutional Trading of Hut 8

A hedge fund recently bought a new stake in Hut 8 stock. Dockside LLC purchased a new position in Hut 8 Corp. (TSE:HUT - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,252 shares of the company's stock, valued at approximately $722,000. Institutional investors own 39.71% of the company's stock.

Trending Headlines about Hut 8

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

• Positive Sentiment: Near-term earnings forecasts improved modestly. Maxim raised its EPS estimates for Q3 and Q4 2026, FY2026, Q1 through Q2 2027, Q3 and Q4 2027, and Q1 2028. The revisions still imply losses, but they suggest slightly better-than-previously expected results in several periods.
• Positive Sentiment: Maxim retained its Strong-Buy rating. The continued bullish recommendation provides some support for HUT, although the firm’s forecasts remain highly loss-making and volatile.
• Neutral Sentiment: Estimates remain extremely volatile. Maxim’s forecast calls for losses of $5.66 per share in FY2026, $21.05 in FY2027 and $40.08 in FY2028, while the broader current-year consensus is $0.56 per share. The wide disparity highlights substantial uncertainty around Hut 8’s expansion, financing and data-center economics.
• Negative Sentiment: Some longer-term estimates were reduced. Maxim cut its Q2 and Q3 2028 forecasts and lowered FY2028 expectations to a loss of $40.08 per share from $39.88 previously. These downward revisions could pressure valuation because they point to weaker anticipated profitability further ahead.
• Negative Sentiment: A political-donation report may increase governance risk. Hut 8 reportedly donated to Louisiana Gov. Jeff Landry’s political action committee months before the groundbreaking of the company’s Louisiana data center. The timing could invite investor scrutiny over political spending, project approvals and the relationship between the donation and the planned development. Hut 8 donated to Gov. Landry's PAC months before Louisiana data center groundbreaking

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.

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