Equities Analysts Set Expectations for Hut 8 FY2026 Earnings

Key Points

• Maxim Group raised its FY2026 EPS estimate for Hut 8 to a loss of $0.81 per share from a projected loss of $3.86, while maintaining a “Strong Buy” rating. The broader consensus estimate is a loss of $1.33 per share.
• Analyst sentiment remains broadly positive: 22 of 24 analysts rate the stock Buy or Strong Buy, and the consensus price target is $141.59. However, several firms recently lowered their price targets while retaining positive ratings.
• Hut 8 is emphasizing its AI data-center expansion, citing $27 billion in leases and $7.5 billion in project financing, with 700 megawatts expected at Beacon Point in Q1 2027.

Hut 8 Corp. (NASDAQ:HUT - Free Report) - Analysts at Maxim Group increased their FY2026 earnings per share (EPS) estimates for shares of Hut 8 in a research report issued on Thursday, November 5th. Maxim Group analyst A. Klee now anticipates that the company will post earnings per share of ($0.81) for the year, up from their prior estimate of ($3.86). Maxim Group currently has a "Strong-Buy" rating on the stock. The consensus estimate for Hut 8's current full-year earnings is ($1.33) per share. Maxim Group also issued estimates for Hut 8's Q4 2026 earnings at ($1.43) EPS, Q1 2027 earnings at ($1.50) EPS, Q2 2027 earnings at ($2.80) EPS, Q3 2027 earnings at ($5.32) EPS, Q4 2027 earnings at ($4.65) EPS, FY2027 earnings at ($14.27) EPS, Q1 2028 earnings at ($4.39) EPS, Q2 2028 earnings at ($7.73) EPS, Q3 2028 earnings at ($7.24) EPS and FY2028 earnings at ($26.24) EPS.

Several other equities analysts have also recently issued reports on HUT. Weiss Ratings cut shares of Hut 8 from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 19th. Compass Point set a $195.00 price objective on shares of Hut 8 in a report on Wednesday, July 22nd. UBS Group restated a "buy" rating on shares of Hut 8 in a report on Thursday, October 8th. Cantor Fitzgerald cut their price objective on Hut 8 from $151.00 to $127.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company reduced their target price on Hut 8 from $175.00 to $148.00 and set an "overweight" rating on the stock in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $141.59.

Hut 8 Stock Performance

Shares of HUT stock opened at $52.65 on Monday. The stock has a fifty day moving average of $80.94 and a 200 day moving average of $82.18. Hut 8 has a 52 week low of $31.67 and a 52 week high of $140.80. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of -10.74 and a beta of 4.54. The company has a quick ratio of 9.48, a current ratio of 9.48 and a debt-to-equity ratio of 3.84.

Hut 8 (NASDAQ:HUT - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of ($0.72) by $1.70. The company had revenue of $71.07 million during the quarter, compared to the consensus estimate of $75.78 million. Hut 8 had a negative return on equity of 9.68% and a negative net margin of 169.76%.

Insider Buying and Selling

In related news, CFO Sean Glennan sold 6,445 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $78.76, for a total value of $507,608.20. Following the completion of the transaction, the chief financial officer directly owned 17,978 shares in the company, valued at $1,415,947.28. The trade was a 26.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Mayo A. Shattuck III sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the director owned 89,408 shares of the company's stock, valued at approximately $8,940,800. The trade was a 18.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 10.40% of the company's stock.

Institutional Trading of Hut 8

A number of institutional investors and hedge funds have recently modified their holdings of HUT. Arlington Trust Co LLC raised its stake in shares of Hut 8 by 175.0% in the second quarter. Arlington Trust Co LLC now owns 275 shares of the company's stock worth $32,000 after purchasing an additional 175 shares during the last quarter. GK Wealth Management LLC bought a new position in shares of Hut 8 during the third quarter valued at $25,000. Parkside Financial Bank & Trust boosted its position in shares of Hut 8 by 258.5% during the second quarter. Parkside Financial Bank & Trust now owns 380 shares of the company's stock valued at $44,000 after buying an additional 274 shares during the last quarter. Heritage Family Offices LLP purchased a new stake in shares of Hut 8 during the third quarter valued at $35,000. Finally, CoreCap Advisors LLC boosted its position in shares of Hut 8 by 42.1% during the second quarter. CoreCap Advisors LLC now owns 540 shares of the company's stock valued at $62,000 after buying an additional 160 shares during the last quarter. Institutional investors own 31.75% of the company's stock.

More Hut 8 News

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

• Positive Sentiment: Investors are increasingly valuing crypto miners for their AI data-center potential, lifting the sector even as Bitcoin was flat; Hut 8 was among the gainers. Article: Riot Platforms Jumps as AI Data Center Bets Lift Bitcoin Miners
• Positive Sentiment: Hut 8’s Q3 call highlighted its AI growth plans, including $27 billion in data-center leases, $7.5 billion in project financing and plans to expand power capacity. The company also expects 700 megawatts at Beacon Point in Q1 2027 on a path toward a full gigawatt. Article: HUT Q3 Earnings Call Focuses on AI Expansion and Project Financing Article: Hut 8 Anticipates Beacon Point Energization and Expands Buyback
• Neutral Sentiment: B. Riley reaffirmed its Buy rating with a $132 target, trimmed slightly from $134. Wells Fargo, Needham and Cantor Fitzgerald also retained positive ratings despite lowering their targets. B. Riley Recommendations
• Negative Sentiment: Hut 8’s Q3 earnings missed estimates, and several firms cut price targets: Wells Fargo to $148, Needham to $101 and Cantor Fitzgerald to $127. The cuts may temper enthusiasm, though the firms maintained Overweight or Buy ratings. Cantor Fitzgerald Target Cut Wells Fargo Target Cut Needham Target Cut

About Hut 8

Hut 8 is a North American energy and digital infrastructure company whose businesses include Bitcoin mining, data centers and computing services. It develops and operates facilities that support digital asset mining and other high-performance computing workloads.

The company's services include infrastructure and managed services for Bitcoin mining, as well as data center capacity and computing solutions. Hut 8 also works on developing and operating energy infrastructure to support its facilities.

Hut 8 Corp was formed in 2023 through the merger of Canadian Bitcoin miner Hut 8 Mining Corp.

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