Maxim Group Predicts Hut 8’s FY2026 Earnings (NASDAQ:HUT)

Hut 8 Corp. (NASDAQ:HUT) – Maxim Group raised their FY2026 earnings estimates for shares of Hut 8 in a research note issued on Thursday, November 5th. Maxim Group analyst A. Klee now expects that the company will post earnings of ($0.81) per share for the year, up from their previous forecast of ($3.86). Maxim Group currently has a “Strong-Buy” rating on the stock. The consensus estimate for Hut 8’s current full-year earnings is ($1.33) per share. Maxim Group also issued estimates for Hut 8’s Q4 2026 earnings at ($1.43) EPS, Q1 2027 earnings at ($1.50) EPS, Q2 2027 earnings at ($2.80) EPS, Q3 2027 earnings at ($5.32) EPS, Q4 2027 earnings at ($4.65) EPS, FY2027 earnings at ($14.27) EPS, Q1 2028 earnings at ($4.39) EPS, Q2 2028 earnings at ($7.73) EPS, Q3 2028 earnings at ($7.24) EPS and FY2028 earnings at ($26.24) EPS.

Hut 8 (NASDAQ:HUT) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $1.70. The firm had revenue of $71.07 million for the quarter, compared to the consensus estimate of $75.78 million. Hut 8 had a negative net margin of 169.76% and a negative return on equity of 9.68%.

Other research analysts also recently issued research reports about the stock. Rothschild & Co Redburn began coverage on shares of Hut 8 in a research report on Monday, September 21st. They issued a “neutral” rating and a $96.00 price objective for the company. Rosenblatt Securities dropped their target price on Hut 8 from $124.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, November 5th. Weiss Ratings lowered Hut 8 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Keefe, Bruyette & Woods reduced their price target on Hut 8 from $157.00 to $154.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Finally, Piper Sandler lowered their price target on Hut 8 from $143.00 to $123.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 20th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $134.05.

Hut 8 Trading Down 0.4%

HUT stock opened at $56.77 on Monday. Hut 8 has a one year low of $31.67 and a one year high of $140.80. The company has a debt-to-equity ratio of 3.84, a quick ratio of 9.48 and a current ratio of 9.48. The firm’s fifty day moving average is $80.05 and its 200 day moving average is $82.18.

Institutional Trading of Hut 8

A number of hedge funds have recently bought and sold shares of HUT. Canada Pension Plan Investment Board purchased a new stake in shares of Hut 8 in the second quarter valued at approximately $45,301,000. Signal Advisors Wealth LLC acquired a new stake in shares of Hut 8 in the third quarter valued at approximately $2,378,000. Dimensional Fund Advisors LP increased its holdings in shares of Hut 8 by 11.1% in the first quarter. Dimensional Fund Advisors LP now owns 207,619 shares of the company’s stock valued at $9,717,000 after purchasing an additional 20,813 shares during the last quarter. Dayah Capital LLC lifted its position in Hut 8 by 12.6% during the first quarter. Dayah Capital LLC now owns 217,920 shares of the company’s stock worth $10,223,000 after buying an additional 24,456 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Hut 8 during the first quarter worth approximately $4,358,000. Institutional investors and hedge funds own 31.75% of the company’s stock.

Insiders Place Their Bets

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

More Hut 8 News

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

• Positive Sentiment: A report says Hut 8’s AI pipeline has reached $26.6 billion and that the stock rebounded 15% after an earnings-related decline. The pipeline may bolster the company’s growth story, though it should not be treated as booked revenue. Article: Hut 8 stock rebounds as AI pipeline hits $26.6 billion
• Positive Sentiment: Northland Securities raised its earnings estimates for Hut 8, a potentially supportive signal for expectations. Article: Northland Securities boosts earnings estimates for Hut 8
• Neutral Sentiment: Bitcoin mining difficulty may fall 6.4% at the next adjustment. Lower difficulty can improve mining economics for operating miners, but the article suggests miner shutdowns may be behind the change, leaving the implications uncertain. Article: Bitcoin mining difficulty is set for a possible drop
• Neutral Sentiment: Jefferies lowered its price target from $90 to $81 but maintained a Buy rating. The target reduction is a cautionary signal, while the retained rating indicates continued optimism.
• Neutral Sentiment: Morgan Stanley cut its target from $275 to $184 but kept its Overweight rating, similarly combining a lower valuation with a positive recommendation.
• Neutral Sentiment: A short-interest report lists zero shares short and zero days to cover, which does not indicate meaningful short-squeeze potential; the report’s description of a large increase appears inconsistent with those figures.

Hut 8 Company Profile

Hut 8 is a North American energy and digital infrastructure company whose businesses include Bitcoin mining, data centers and computing services. It develops and operates facilities that support digital asset mining and other high-performance computing workloads. The company’s services include infrastructure and managed services for Bitcoin mining, as well as data center capacity and computing solutions. Hut 8 also works on developing and operating energy infrastructure to support its facilities.