What is Maxim Group’s Estimate for Hut 8 FY2026 Earnings?

Hut 8 Corp. (TSE:HUT) – Stock analysts at Maxim Group upped their FY2026 earnings estimates for Hut 8 in a research note issued on Thursday, November 5th. Maxim Group analyst A. Klee now expects that the company will post earnings per share of ($1.18) for the year, up from their prior forecast of ($5.66). 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 ($2.00) EPS, Q1 2027 earnings at ($2.10) EPS, Q2 2027 earnings at ($3.91) EPS, Q3 2027 earnings at ($7.43) EPS, Q4 2027 earnings at ($6.50) EPS, FY2027 earnings at ($19.94) EPS, Q1 2028 earnings at ($6.13) EPS, Q2 2028 earnings at ($10.80) EPS, Q3 2028 earnings at ($10.11) EPS and FY2028 earnings at ($36.66) EPS.

Several other research firms have also weighed in on HUT. UBS Group upgraded Hut 8 to a “strong-buy” rating in a report on Wednesday, September 23rd. Freedom Broker raised Hut 8 to a “strong-buy” rating in a research note on Tuesday, August 18th. Freedom Capital upgraded Hut 8 to a “strong-buy” rating in a report on Tuesday, August 18th. Roth Capital raised Hut 8 to a “strong-buy” rating in a research report on Wednesday, October 7th. Finally, Rothschild & Co Redburn raised Hut 8 to a “hold” rating in a research report on Monday, September 21st. Eight research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Hut 8 Price Performance

HUT opened at C$80.55 on Monday. The company has a quick ratio of 1.25, a current ratio of 9.48 and a debt-to-equity ratio of 16.38. Hut 8 has a 12 month low of C$44.82 and a 12 month high of C$194.28. The company has a fifty day simple moving average of C$112.48 and a 200 day simple moving average of C$114.47. The stock has a market cap of C$9.67 billion, a P/E ratio of -17.17 and a beta of 4.58.

Institutional Investors Weigh In On Hut 8

A hedge fund recently bought a new position in Hut 8 stock. Dockside LLC bought a new stake in Hut 8 Corp. (TSE:HUT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,252 shares of the company’s stock, valued at approximately $722,000. 43.10% of the stock is owned by hedge funds and other institutional investors.

About Hut 8

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.