Research Analysts Set Expectations for Hut 8 Q3 Earnings

Key Points

• Maxim Group projects a Q3 2026 loss of C$2.28 per share for Hut 8 and maintains a “Strong Buy” rating, while analysts broadly hold a consensus “Strong Buy” view.
• Despite the bullish ratings, Maxim forecasts sharply widening losses, including C$21.30 per share for fiscal 2027 and C$39.88 for fiscal 2028, conflicting with the current full-year consensus estimate of positive C$0.56 EPS.
• Hut 8 shares opened at C$127.44 after declining 1.9%; the company’s AI data-center expansion is supported by a reported $26.6 billion backlog, but ERCOT delays could postpone commercialization of its planned Texas facility.

Hut 8 Corp. (TSE:HUT - Free Report) - Equities research analysts at Maxim Group issued their Q3 2026 earnings per share (EPS) estimates for shares of Hut 8 in a research note issued to investors on Wednesday, August 5th. Maxim Group analyst A. Klee expects that the company will earn ($2.28) per share for the quarter. Maxim Group currently has a "Strong-Buy" rating on the stock. The consensus estimate for Hut 8's current full-year earnings is $0.56 per share. Maxim Group also issued estimates for Hut 8's Q4 2026 earnings at ($2.15) EPS, Q1 2027 earnings at ($2.22) EPS, Q2 2027 earnings at ($4.15) EPS, Q3 2027 earnings at ($7.92) EPS, Q4 2027 earnings at ($7.01) EPS, FY2027 earnings at ($21.30) EPS, Q1 2028 earnings at ($6.67) EPS, Q2 2028 earnings at ($11.73) EPS and FY2028 earnings at ($39.88) EPS.

Separately, Jefferies Financial Group raised shares of Hut 8 to a "strong-buy" rating in a research note on Thursday, May 14th. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Strong Buy".

Hut 8 Trading Down 1.9%

HUT stock opened at C$127.44 on Friday. The firm has a fifty day moving average price of C$155.64 and a 200 day moving average price of C$114.06. Hut 8 has a fifty-two week low of C$25.68 and a fifty-two week high of C$194.28. The firm has a market cap of C$15.71 billion, a PE ratio of -45.19 and a beta of 4.58. The company has a debt-to-equity ratio of 30.65, a quick ratio of 1.25 and a current ratio of 0.86.

Institutional Trading of Hut 8

A hedge fund recently bought a new stake in Hut 8 stock. Dockside LLC acquired a new position in shares of Hut 8 Corp. (TSE:HUT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,252 shares of the company's stock, valued at approximately $722,000. 37.66% of the stock is owned by hedge funds and other institutional investors.

Hut 8 News Roundup

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

• Positive Sentiment: Maxim Group upgraded Hut 8 to “Strong-Buy,” providing a positive analyst signal. However, the firm’s accompanying forecasts still project substantial losses in future periods. Zacks.com analyst upgrade
• Positive Sentiment: Optimistic research coverage highlighted Hut 8’s reported $26.6 billion contracted backlog and non-dilutive debt financing as support for its pivot toward AI data centers. If executed successfully, the backlog could improve long-term revenue visibility while limiting shareholder dilution. Hut 8 contracted backlog and debt article
• Neutral Sentiment: Another bullish analysis argued that investors may be underestimating Hut 8’s second-quarter results and that full commercialization of the Beacon Point project is the more important catalyst. This supports the longer-term story but depends on future execution. Hut 8 Beacon Point commercialization article
• Negative Sentiment: Northland Securities substantially cut its 2026 EPS forecasts to losses of $1.48 per share for the third quarter, $1.40 for the fourth quarter and $4.72 for the full year, versus materially less pessimistic prior estimates. The revisions conflict with the current-year consensus estimate of positive $0.56 EPS and may weigh on valuation.
• Negative Sentiment: Maxim’s forecasts also anticipate escalating losses, including $21.30 per share for fiscal 2027 and $39.88 for fiscal 2028. In addition, the company reportedly faces ERCOT delays for its planned 1-gigawatt Texas AI data center, raising concerns about the timing of commercialization and revenue generation. Hut 8 ERCOT delays article

Hut 8 Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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