Hut 8 (HUT) Scheduled to Post Earnings on Wednesday

Hut 8 (TSE:HUT) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, November 13th. Analysts expect Hut 8 to post earnings of C($0.36) per share for the quarter.

Hut 8 (TSE:HUT) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.02 earnings per share for the quarter, beating the consensus estimate of C($0.12) by C$0.14. The firm had revenue of C$48.18 million for the quarter, compared to analyst estimates of C$52.06 million. Hut 8 had a net margin of 102.21% and a negative return on equity of 122.68%.

Hut 8 Stock Performance

HUT stock opened at C$34.23 on Tuesday. The firm has a 50 day moving average of C$18.16 and a two-hundred day moving average of C$17.16. Hut 8 has a 12 month low of C$8.35 and a 12 month high of C$35.25. The company has a market capitalization of C$3.20 billion, a price-to-earnings ratio of -31.99 and a beta of 3.45. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 55.19.

Wall Street Analyst Weigh In

Separately, HC Wainwright upgraded shares of Hut 8 from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, August 14th.

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.