Summary:
- Hut 8 Mining (HUT, Financial) anticipates Q1 earnings, with expectations of EPS at -$1.40 and revenue at $30.05 million.
- Analysts predict an average target price of $25.08, indicating a potential upside of 96.12% from the current price.
- GuruFocus estimates a significant upside of 309.23% based on the GF Value metric.
Hut 8 Mining's Upcoming Earnings Report
Hut 8 Mining (HUT) is poised to unveil its Q1 earnings on May 8. The company is projected to report earnings per share (EPS) of -$1.40, alongside a forecasted revenue of $30.05 million. Despite a track record of surpassing revenue forecasts, the recent revisions trending downward hint at possible hurdles ahead. Investors are particularly keen to understand how Hut 8 plans to navigate these challenges.
Wall Street Analysts Forecast
According to insights from 12 Wall Street analysts, the average one-year target price for Hut 8 Corp (HUT, Financial) sits at $25.08. The range of predictions spans from a high of $33.00 to a low of $13.50, highlighting diverse opinions on the stock's trajectory. This average target presents a notable potential upside of 96.12% from the current trading price of $12.79. For a deeper dive into detailed estimate data, visit the Hut 8 Corp (HUT) Forecast page.
The consensus from 12 brokerage firms positions Hut 8 Corp (HUT, Financial) with an average recommendation score of 1.9, translating to an "Outperform" rating. This rating scale ranges from 1 to 5, with 1 signifying a Strong Buy and 5 indicating a Sell recommendation.
Evaluating Hut 8's GF Value
GuruFocus provides an estimated GF Value for Hut 8 Corp (HUT, Financial) at $52.34 over the next year. This estimation suggests a remarkable upside potential of 309.23% from the current price of $12.79. The GF Value is derived from historical trading multiples, past business growth, and future performance forecasts. Investors seeking comprehensive insights can find more detailed data on the Hut 8 Corp (HUT) Summary page.
