FY2026 Earnings Forecast for Hut 8 Issued By Northland Capmk

Hut 8 Corp. (TSE:HUT) – Equities researchers at Northland Capmk lifted their FY2026 EPS estimates for Hut 8 in a research report issued on Thursday, May 8th. Northland Capmk analyst M. Grondahl now expects that the company will post earnings of $0.25 per share for the year, up from their prior forecast of $0.23. Northland Capmk 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.

A number of other equities analysts have also recently issued reports on HUT. Rosenblatt Securities upgraded Hut 8 to a “strong-buy” rating in a report on Friday, March 7th. Maxim Group upgraded Hut 8 to a “strong-buy” rating in a report on Thursday, May 1st. Finally, BTIG Research upgraded shares of Hut 8 to a “strong-buy” rating in a report on Monday, April 14th. Seven investment analysts have rated the stock with a strong buy rating, According to data from MarketBeat, Hut 8 presently has a consensus rating of “Strong Buy”.

Hut 8 Stock Performance

HUT stock opened at C$23.01 on Monday. The business’s fifty day moving average is C$17.70 and its 200-day moving average is C$26.90. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 55.87. The company has a market cap of C$1.53 billion, a P/E ratio of 5.63 and a beta of 3.45. Hut 8 has a twelve month low of C$10.53 and a twelve month high of C$45.20.

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.