Hut 8 Mining Corp. (TSE:HUT) to Post FY2023 Earnings of ($0.29) Per Share, HC Wainwright Forecasts

Hut 8 Mining Corp. (TSE:HUTFree Report) – Equities researchers at HC Wainwright cut their FY2023 earnings estimates for Hut 8 Mining in a report released on Tuesday, November 14th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings per share of ($0.29) for the year, down from their previous forecast of ($0.28). The consensus estimate for Hut 8 Mining’s current full-year earnings is ($0.52) per share. HC Wainwright also issued estimates for Hut 8 Mining’s Q4 2023 earnings at ($0.08) EPS.

Hut 8 Mining Stock Performance

Shares of HUT opened at C$2.61 on Friday. The company has a current ratio of 6.95, a quick ratio of 1.26 and a debt-to-equity ratio of 13.61. The firm has a market cap of C$578.61 million, a PE ratio of -3.90 and a beta of 3.45. Hut 8 Mining has a 12 month low of C$1.08 and a 12 month high of C$5.98. The stock has a fifty day moving average price of C$2.79 and a 200-day moving average price of C$3.28.

About Hut 8 Mining

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Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. It provides computing power to the mining pools in exchange for digital assets. The company serve commercial customers across various industries, including financial, healthcare, government, and those in the growing digital asset, Blockchain, gaming, virtual effects, and Web 3.0 space.

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