Hut 8 (HUT) Expected to Post Earnings on Wednesday

Key Points

• Hut 8 is expected to report Q3 2026 results before the market opens on November 4. Analysts forecast a loss of $0.7482 per share and revenue of $76.47 million, with the earnings call scheduled for 8:30 a.m. ET.
• The company’s previous quarter fell well short of expectations, reporting a $1.27 per-share loss versus the projected $0.55 loss and revenue of $74.93 million versus the $79.37 million consensus.
• Despite significant volatility, Wall Street sentiment remains positive: analysts give Hut 8 an overall “Buy” rating with an average price target of $148.09, although insiders have recently sold shares.

Hut 8 (NASDAQ:HUT - Get Free Report) is projected to release its Q3 2026 results before the market opens on Wednesday, November 4th. Analysts expect Hut 8 to announce earnings of ($0.7482) per share and revenue of $76.47 million for the quarter. Interested persons may review the information on the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 8:30 AM ET.

Hut 8 (NASDAQ:HUT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($1.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.55) by ($0.72). The business had revenue of $74.93 million during the quarter, compared to the consensus estimate of $79.37 million. During the same period last year, the firm earned $1.18 earnings per share. On average, analysts expect Hut 8 to post ($2.93) EPS for the current fiscal year and ($6.62) EPS for the next fiscal year.

Hut 8 Stock Up 6.9%

Shares of NASDAQ:HUT opened at $67.34 on Wednesday. The firm's 50-day simple moving average is $85.10 and its 200-day simple moving average is $82.25. The company has a market cap of $8.30 billion, a price-to-earnings ratio of -12.36 and a beta of 4.62. Hut 8 has a fifty-two week low of $31.67 and a fifty-two week high of $140.80.

Wall Street Analyst Weigh In

HUT has been the topic of a number of recent analyst reports. Needham & Company LLC lowered their price target on shares of Hut 8 from $145.00 to $138.00 and set a "buy" rating on the stock in a research note on Wednesday, August 5th. Wells Fargo & Company started coverage on Hut 8 in a research note on Thursday, September 17th. They issued an "overweight" rating and a $175.00 price objective for the company. Benchmark lifted their price objective on Hut 8 from $165.00 to $195.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Compass Point set a $195.00 price objective on Hut 8 in a report on Wednesday, July 22nd. Finally, Freedom Capital upgraded Hut 8 to a "strong-buy" rating in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $148.09.

Insider Transactions at Hut 8

In other news, Director Mayo A. Shattuck III sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the director directly owned 89,408 shares of the company's stock, valued at $8,940,800. This trade represents a 18.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sean Glennan sold 6,445 shares of Hut 8 stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $78.76, for a total value of $507,608.20. Following the transaction, the chief financial officer owned 17,978 shares of the company's stock, valued at $1,415,947.28. This represents a 26.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 10.40% of the company's stock.

Hut 8 Company Profile

Hut 8 Corp. is a North American energy infrastructure and computing company whose business includes digital asset mining, high-performance computing and data center operations. The company develops and manages power and infrastructure assets intended to support energy-intensive computing applications.

Hut 8's activities have historically centered on Bitcoin mining, supported by company-operated data centers and specialized mining equipment. It also provides infrastructure for emerging computing applications, including artificial intelligence and other high-performance computing workloads, as it seeks to expand beyond cryptocurrency mining.

The company was established in Canada and expanded its operations in the United States through its combination with U.S.

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