What is HC Wainwright's Estimate for Hut 8 FY2024 Earnings?

Hut 8 Corp. (TSE:HUT - Free Report) - Stock analysts at HC Wainwright raised their FY2024 earnings estimates for shares of Hut 8 in a research note issued on Thursday, November 14th. HC Wainwright analyst M. Colonnese now expects that the company will earn ($0.41) per share for the year, up from their prior estimate of ($0.66). HC Wainwright has a "Strong-Buy" rating on the stock. The consensus estimate for Hut 8's current full-year earnings is $0.56 per share. HC Wainwright also issued estimates for Hut 8's Q4 2024 earnings at ($0.25) EPS, Q1 2025 earnings at ($0.18) EPS, Q2 2025 earnings at $0.15 EPS and FY2025 earnings at $0.46 EPS.

Hut 8 Trading Down 1.3 %

Shares of HUT stock traded down C$0.46 during trading hours on Monday, hitting C$35.08. 2,348,105 shares of the company were exchanged, compared to its average volume of 1,455,071. The firm has a market cap of C$3.28 billion, a PE ratio of -32.79 and a beta of 3.45. Hut 8 has a 1 year low of C$8.35 and a 1 year high of C$39.79. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 55.19. The firm has a fifty day moving average of C$20.31 and a 200 day moving average of C$17.96.

Hut 8 Company Profile

Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other. The company mines Bitcoin. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services for digital asset mining site owners, governments, and data center developers.