Hut 8 Corp. (TSE:HUT) Forecasted to Earn Q1 2024 Earnings of ($0.09) Per Share

Hut 8 Corp. (TSE:HUTFree Report) – Analysts at HC Wainwright issued their Q1 2024 earnings estimates for Hut 8 in a report released on Tuesday, February 6th. HC Wainwright analyst M. Colonnese anticipates that the company will earn ($0.09) per share for the quarter. HC Wainwright currently has a “Sell” rating on the stock. The consensus estimate for Hut 8’s current full-year earnings is ($0.52) per share. HC Wainwright also issued estimates for Hut 8’s Q2 2024 earnings at ($0.34) EPS, Q3 2024 earnings at ($0.34) EPS and Q4 2024 earnings at ($0.28) EPS.

Hut 8 Stock Up 12.1 %

TSE:HUT opened at C$11.27 on Thursday. The firm has a market capitalization of C$1.00 billion, a P/E ratio of -10.63 and a beta of 3.45. The company has a debt-to-equity ratio of 613.95, a current ratio of 1.99 and a quick ratio of 1.26. The company’s fifty day moving average price is C$13.73 and its 200-day moving average price is C$6.80. Hut 8 has a 1-year low of C$8.35 and a 1-year high of C$29.90.

Hut 8 (TSE:HUTGet Free Report) last released its quarterly earnings data on Tuesday, November 14th. The company reported C($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.35) by C($0.30). The business had revenue of C$16.98 million during the quarter, compared to analyst estimates of C$20.60 million. Hut 8 had a negative return on equity of 122.68% and a negative net margin of 110.59%.

Hut 8 Company Profile

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Hut 8 Corp. provides digital asset mining and high-performance computing infrastructure solutions in Canada. It operates computing infrastructure sites mines Bitcoin, as well as delivers cloud, colocation, and computing services to enterprise customers. The company was founded in 2017 and is based in Miami, Florida.

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