Northland Securities Decreases Earnings Estimates for Hut 8

Key Points

• Northland Securities lowered its Q2 2026 EPS estimate for Hut 8 to $(0.34) from $(0.29), also projecting losses of $(0.29) for Q3 2026 and $(0.22) for Q4 2026.
• Despite the reduced earnings outlook, Hut 8 still has a Strong Buy consensus rating overall, with recent upgrades from Keefe, Bruyette & Woods and HC Wainwright.
• Hut 8’s stock opened at C$134.49 and remains highly volatile, with a beta of 4.58 and a wide 52-week range of C$18.81 to C$151.60.

Hut 8 Corp. (TSE:HUT - Free Report) - Equities researchers at Northland Securities cut their Q2 2026 earnings per share (EPS) estimates for Hut 8 in a report issued on Wednesday, May 6th. Northland Securities analyst M. Grondahl now forecasts that the company will post earnings of ($0.34) per share for the quarter, down from their prior forecast of ($0.29). The consensus estimate for Hut 8's current full-year earnings is $0.56 per share. Northland Securities also issued estimates for Hut 8's Q3 2026 earnings at ($0.29) EPS and Q4 2026 earnings at ($0.22) EPS.

Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods upgraded Hut 8 to a "moderate buy" rating in a report on Tuesday, January 27th. HC Wainwright upgraded Hut 8 to a "strong-buy" rating in a report on Monday, February 2nd. Four analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".

Hut 8 Stock Performance

Shares of TSE:HUT opened at C$134.49 on Monday. The firm has a market capitalization of C$15.14 billion, a PE ratio of -47.69 and a beta of 4.58. The company has a debt-to-equity ratio of 30.65, a current ratio of 0.86 and a quick ratio of 1.26. The business's 50 day moving average price is C$83.25 and its 200-day moving average price is C$73.44. Hut 8 has a 1 year low of C$18.81 and a 1 year high of C$151.60.

About Hut 8

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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