Hut 8 (HUT) Projected to Announce Earnings on Wednesday

Hut 8 (NASDAQ:HUT) is expected to be posting its Q3 2026 results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of ($0.7482) per share and revenue of $76.47 million for the quarter. Individuals can find conference call details on the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 8:30 AM ET.

Hut 8 (NASDAQ:HUT) last announced its earnings results on Wednesday, August 5th. The company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.72). The company had revenue of $74.93 million for the quarter, compared to analysts’ expectations 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 Trading Up 6.9%

Shares of HUT stock opened at $67.34 on Wednesday. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of -12.36 and a beta of 4.62. The firm has a 50-day moving average price of $85.10 and a 200 day moving average price of $82.25. Hut 8 has a twelve month low of $31.67 and a twelve month high of $140.80.

Insider Buying and Selling at Hut 8

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

Analysts Set New Price Targets

A number of brokerages have recently commented on HUT. B. Riley Financial lifted their price target on shares of Hut 8 from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Morgan Stanley upped their price objective on shares of Hut 8 from $273.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, October 9th. Cantor Fitzgerald reduced their price objective on shares of Hut 8 from $180.00 to $151.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Rothschild & Co Redburn began coverage on shares of Hut 8 in a research report on Monday, September 21st. They set a “neutral” rating and a $96.00 target price on the stock. Finally, Maxim Group upgraded shares of Hut 8 to a “strong-buy” rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $148.09.

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.