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

Hut 8 Corp. (TSE:HUT) – Equities research analysts at HC Wainwright lifted their FY2024 earnings per share (EPS) estimates for Hut 8 in a note issued to investors on Thursday, November 14th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings per share of ($0.41) for the year, up from their previous forecast 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 Stock Performance

Shares of HUT opened at C$35.08 on Monday. The business’s fifty day moving average price is C$20.31 and its 200 day moving average price is C$17.96. Hut 8 has a 12-month low of C$8.35 and a 12-month high of C$39.79. The stock has a market capitalization of C$3.28 billion, a PE ratio of -32.79 and a beta of 3.45. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.67 and a quick ratio of 1.26.

About Hut 8

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.