Northland Capmk Estimates Hut 8's Q4 Earnings (NASDAQ:HUT)

Key Points

• Northland Capmk has raised its Q4 2026 earnings per share estimate for Hut 8 to $0.09, up from $0.08, while maintaining a "Strong-Buy" rating on the stock.
• Hut 8 reported a Q4 earnings per share of ($0.14), exceeding the consensus estimate of ($0.15), but its revenue of $41.72 million fell short of the expected $49.10 million.
• According to MarketBeat, Hut 8 shares are currently rated as a "Buy" with a consensus price target of $26.12, with 15 analysts recommending a buy rating.

Hut 8 Corp. (NASDAQ:HUT - Free Report) - Investment analysts at Northland Capmk upped their Q4 2026 earnings per share estimates for shares of Hut 8 in a research note issued on Thursday, August 7th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings per share of $0.09 for the quarter, up from their previous estimate of $0.08. Northland Capmk has a "Strong-Buy" rating on the stock. The consensus estimate for Hut 8's current full-year earnings is ($0.53) per share.

HUT has been the subject of a number of other research reports. Maxim Group raised their target price on Hut 8 from $23.00 to $30.00 and gave the company a "buy" rating in a research note on Monday. Citigroup initiated coverage on Hut 8 in a research note on Thursday, May 22nd. They issued an "outperform" rating for the company. HC Wainwright restated a "buy" rating and issued a $25.00 target price on shares of Hut 8 in a research note on Friday, May 9th. Canaccord Genuity Group restated a "buy" rating and issued a $32.00 target price on shares of Hut 8 in a research note on Monday, May 12th. Finally, B. Riley started coverage on Hut 8 in a research note on Wednesday, May 14th. They set a "buy" rating and a $25.00 price objective for the company. Fifteen equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $26.71.

Hut 8 Stock Down 1.9%

Shares of HUT traded down $0.46 on Monday, reaching $23.34. The stock had a trading volume of 1,590,020 shares, compared to its average volume of 5,629,026. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $19.98 and a 200-day simple moving average of $16.72. Hut 8 has a 12-month low of $8.73 and a 12-month high of $31.95.

Hut 8 (NASDAQ:HUT - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.01. The company had revenue of $41.72 million during the quarter, compared to analysts' expectations of $49.10 million. Hut 8 had a return on equity of 8.73% and a net margin of 112.81%.

Institutional Trading of Hut 8

A number of institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC grew its holdings in shares of Hut 8 by 4.5% in the fourth quarter. LPL Financial LLC now owns 41,019 shares of the company's stock worth $840,000 after acquiring an additional 1,777 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Hut 8 by 23.1% in the fourth quarter. JPMorgan Chase & Co. now owns 322,927 shares of the company's stock worth $6,617,000 after acquiring an additional 60,542 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Hut 8 by 3.0% in the fourth quarter. Alliancebernstein L.P. now owns 86,428 shares of the company's stock worth $1,771,000 after acquiring an additional 2,518 shares during the period. Franklin Resources Inc. bought a new stake in shares of Hut 8 in the fourth quarter worth $693,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Hut 8 by 28.6% in the fourth quarter. Wells Fargo & Company MN now owns 52,563 shares of the company's stock worth $1,077,000 after acquiring an additional 11,687 shares during the period. Institutional investors own 31.75% of the company's stock.

Insider Activity at Hut 8

In other Hut 8 news, Director Joseph Flinn sold 11,069 shares of Hut 8 stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $15.77, for a total value of $174,558.13. Following the completion of the sale, the director owned 19,791 shares of the company's stock, valued at approximately $312,104.07. This trade represents a 35.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.20% of the company's stock.

About Hut 8

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.