Q1 Earnings Forecast for Hut 8 Issued By B. Riley

Key Points

• B. Riley analysts have issued a Q1 2027 earnings estimate for Hut 8 Corp., predicting a loss of ($0.09) per share, while maintaining a "Strong-Buy" rating on the stock.
• The consensus estimate for Hut 8's full-year earnings is ($0.53) per share, and the stock has a consensus target price of $26.12 as rated by fifteen research analysts.
• Shares of Hut 8 opened at $19.45, with a 52-week range between $8.73 and $31.95, and insiders hold 11.20% of the company's stock.

Hut 8 Corp. (NASDAQ:HUT - Free Report) - Stock analysts at B. Riley issued their Q1 2027 earnings estimates for shares of Hut 8 in a note issued to investors on Friday, August 8th. B. Riley analyst N. Giles anticipates that the company will post earnings of ($0.09) per share for the quarter. B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for Hut 8's current full-year earnings is ($0.53) per share. B. Riley also issued estimates for Hut 8's Q2 2027 earnings at ($0.10) EPS.

A number of other research firms have also issued reports on HUT. Northland Capmk upgraded shares of Hut 8 to a "strong-buy" rating in a report on Monday, April 21st. Citigroup assumed coverage on shares of Hut 8 in a report on Thursday, May 22nd. They set an "outperform" rating on the stock. JMP Securities assumed coverage on shares of Hut 8 in a report on Thursday, May 22nd. They set a "market outperform" rating and a $25.00 price target on the stock. Maxim Group boosted their price target on shares of Hut 8 from $23.00 to $30.00 and gave the company a "buy" rating in a report on Monday. Finally, Rosenblatt Securities cut their price target on shares of Hut 8 from $24.00 to $23.00 and set a "buy" rating on the stock in a report on Monday. Fifteen analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $26.71.

Hut 8 Stock Down 1.9%

Shares of HUT stock traded down $0.46 during trading hours on Monday, reaching $23.34. 1,590,020 shares of the stock traded hands, compared to its average volume of 5,629,026. Hut 8 has a 1-year low of $8.73 and a 1-year high of $31.95. The business has a fifty day moving average price of $19.98 and a 200 day moving average price of $16.72. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

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

Institutional Trading of Hut 8

Several large investors have recently added to or reduced their stakes in HUT. LPL Financial LLC grew its position in 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 in the last quarter. JPMorgan Chase & Co. grew its position in 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 in the last quarter. Alliancebernstein L.P. grew its position in 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 in the last quarter. Franklin Resources Inc. bought a new stake in Hut 8 in the fourth quarter worth approximately $693,000. Finally, Wells Fargo & Company MN grew its position in 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 in the last quarter. 31.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hut 8 news, Director Joseph Flinn sold 11,069 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $15.77, for a total value of $174,558.13. Following the completion of the sale, the director directly owned 19,791 shares of the company's stock, valued at $312,104.07. The trade was a 35.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.20% of the stock is owned by corporate insiders.

Hut 8 Company Profile

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.