Analysts Set Expectations for Hut 8’s Q3 Earnings (TSE:HUT)

Hut 8 Corp. (TSE:HUT) – Analysts at Maxim Group upped their Q3 2026 EPS estimates for shares of Hut 8 in a report released on Monday, October 12th. Maxim Group analyst A. Klee now expects that the company will earn ($2.25) per share for the quarter, up from their previous estimate of ($2.28). 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 ($2.07) EPS, FY2026 earnings at ($5.66) EPS, Q1 2027 earnings at ($2.12) EPS, Q2 2027 earnings at ($4.08) EPS, Q3 2027 earnings at ($7.89) EPS, Q4 2027 earnings at ($6.96) EPS, FY2027 earnings at ($21.05) EPS, Q1 2028 earnings at ($6.64) EPS, Q2 2028 earnings at ($11.83) EPS, Q3 2028 earnings at ($11.07) EPS and FY2028 earnings at ($40.08) EPS.

Other equities analysts have also recently issued research reports about the company. Rothschild & Co Redburn upgraded Hut 8 to a “hold” rating in a report on Monday, September 21st. Wells Fargo & Company upgraded Hut 8 to a “strong-buy” rating in a research note on Thursday, September 17th. UBS Group upgraded Hut 8 to a “strong-buy” rating in a research note on Wednesday, September 23rd. Freedom Broker upgraded Hut 8 to a “strong-buy” rating in a research report on Tuesday, August 18th. Finally, Freedom Capital raised shares of Hut 8 to a “strong-buy” rating in a research note on Tuesday, August 18th. Eight analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Hut 8 Trading Down 0.7%

Shares of HUT opened at C$119.09 on Wednesday. The company’s fifty day simple moving average is C$124.76 and its 200-day simple moving average is C$131.33. The company has a market cap of C$14.68 billion, a P/E ratio of -22.05 and a beta of 4.58. The company has a current ratio of 0.86, a quick ratio of 1.25 and a debt-to-equity ratio of 30.65. Hut 8 has a twelve month low of C$44.82 and a twelve month high of C$194.28.

Hedge Funds Weigh In On Hut 8

A hedge fund recently bought a new stake in Hut 8 stock. Dockside LLC bought a new position in shares of Hut 8 Corp. (TSE:HUT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 6,252 shares of the company’s stock, valued at approximately $722,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Hut 8 News Summary

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

• Positive Sentiment: Near-term earnings forecasts improved modestly. Maxim raised its EPS estimates for Q3 and Q4 2026, FY2026, Q1 through Q2 2027, Q3 and Q4 2027, and Q1 2028. The revisions still imply losses, but they suggest slightly better-than-previously expected results in several periods.
• Positive Sentiment: Maxim retained its Strong-Buy rating. The continued bullish recommendation provides some support for HUT, although the firm’s forecasts remain highly loss-making and volatile.
• Neutral Sentiment: Estimates remain extremely volatile. Maxim’s forecast calls for losses of $5.66 per share in FY2026, $21.05 in FY2027 and $40.08 in FY2028, while the broader current-year consensus is $0.56 per share. The wide disparity highlights substantial uncertainty around Hut 8’s expansion, financing and data-center economics.
• Negative Sentiment: Some longer-term estimates were reduced. Maxim cut its Q2 and Q3 2028 forecasts and lowered FY2028 expectations to a loss of $40.08 per share from $39.88 previously. These downward revisions could pressure valuation because they point to weaker anticipated profitability further ahead.
• Negative Sentiment: A political-donation report may increase governance risk. Hut 8 reportedly donated to Louisiana Gov. Jeff Landry’s political action committee months before the groundbreaking of the company’s Louisiana data center. The timing could invite investor scrutiny over political spending, project approvals and the relationship between the donation and the planned development. Hut 8 donated to Gov. Landry’s PAC months before Louisiana data center groundbreaking

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.