FY2026 Earnings Estimate for Hut 8 Issued By Maxim Group

Key Points

• Maxim Group expects Hut 8 to report a FY2026 loss of $4.00 per share, more negative than the consensus estimate of a $2.80 loss, while maintaining a “Strong-Buy” rating.
• Hut 8’s latest quarterly results missed expectations, with an adjusted loss of $1.27 per share versus the $0.55 consensus and revenue of $72.66 million versus the $79.37 million estimate.
• Despite the earnings miss, analysts remain broadly bullish: Hut 8 has a consensus “Buy” rating and a $144.89 target price, compared with its opening price of $85.66.

Hut 8 Corp. (NASDAQ:HUT - Free Report) - Maxim Group issued their FY2026 earnings per share (EPS) estimates for shares of Hut 8 in a research report issued to clients and investors on Wednesday, August 5th. Maxim Group analyst A. Klee anticipates that the company will earn ($4.00) per share for the year. Maxim Group has a "Strong-Buy" rating on the stock. The consensus estimate for Hut 8's current full-year earnings is ($2.80) per share.

Hut 8 (NASDAQ:HUT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.72). The business had revenue of $72.66 million for the quarter, compared to the consensus estimate of $79.37 million. Hut 8 had a negative return on equity of 0.97% and a negative net margin of 188.59%.During the same period last year, the firm earned $1.18 earnings per share.

A number of other equities analysts have also recently commented on HUT. Northland Securities set a $120.00 price objective on shares of Hut 8 in a research report on Thursday, May 7th. BTIG Research increased their price objective on shares of Hut 8 from $115.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, June 24th. Keefe, Bruyette & Woods cut their target price on shares of Hut 8 from $157.00 to $154.00 and set an "outperform" rating for the company in a research note on Thursday, August 6th. Benchmark lifted their target price on shares of Hut 8 from $165.00 to $195.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Finally, Loop Capital set a $226.00 price target on shares of Hut 8 in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Hut 8 currently has a consensus rating of "Buy" and a consensus target price of $144.89.

Hut 8 Stock Down 3.3%

HUT opened at $85.66 on Tuesday. The stock's fifty day simple moving average is $108.91 and its 200 day simple moving average is $82.49. Hut 8 has a 1-year low of $19.70 and a 1-year high of $140.80. The stock has a market cap of $10.56 billion, a PE ratio of -15.72 and a beta of 4.64. The company has a current ratio of 19.35, a quick ratio of 19.35 and a debt-to-equity ratio of 4.22.

Hedge Funds Weigh In On Hut 8

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in Hut 8 by 4,669,387.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company's stock worth $186,629,000 after buying an additional 4,062,367 shares during the period. Dimensional Fund Advisors LP increased its position in Hut 8 by 11.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 207,619 shares of the company's stock valued at $9,717,000 after acquiring an additional 20,813 shares during the period. Handelsbanken Fonder AB acquired a new position in Hut 8 in the 4th quarter valued at approximately $1,153,000. Dayah Capital LLC raised its stake in shares of Hut 8 by 12.6% during the first quarter. Dayah Capital LLC now owns 217,920 shares of the company's stock valued at $10,223,000 after acquiring an additional 24,456 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Hut 8 during the first quarter valued at $4,358,000. 31.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Rick Rickertsen sold 17,491 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $110.00, for a total transaction of $1,924,010.00. Following the sale, the director directly owned 17,491 shares of the company's stock, valued at approximately $1,924,010. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy Marie Wilkinson sold 20,000 shares of the firm's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $100.78, for a total value of $2,015,600.00. Following the completion of the transaction, the director owned 262,136 shares in the company, valued at $26,418,066.08. The trade was a 7.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 85,710 shares of company stock valued at $9,644,162. 10.40% of the stock is owned by insiders.

Hut 8 Company Profile

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.

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