Hut 8 Mining: Analysts Call For Q3 Revenues Of $47.9 Million

Hut 8 Mining Corp (TSX: HUT) announced that they will be reporting their third quarter financials before the market opens on November 11th.

Analysts have a consensus C$14.50 12-month price target on the company, via a total of 4 analysts, with a single analyst having a strong buy rating, and the other 3 have buy ratings on the company. The street high comes from D.A Davidson & Company with a C$20 price target, and the lowest target comes from H.C Wainwright & Company with a C$11 price target.

Only 4 analysts have revenue estimates for the third quarter. The mean between all 4 is C$47.93 million; this number has been revised upwards from C$29.6 million at the start of May. The street high is C$49.80 million while the lowest sits at C$44.88 million.

Four analysts have estimates for what this quarter’s gross profit margin will be. They expect the profit margin to come in at 58.28%, with this number being higher than at the start of May. Street high is 65.70% estimate and the lowest sits at 52.60%.

Onto EBITDA estimates, there are currently only 4 analysts who have third-quarter EBITDA estimates. The mean is currently C$25.81 million, with this number being higher than at the start of May. Street high sits at C$30.60 million EBITDA and the lowest is a C$20.60 million estimate.

Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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