Hut 8 Corp reports results for the quarter ended June 30 - Earnings Summary

• Hut 8 Corp HUT.OQ reported quarterly adjusted earnings of $1.18​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -78 cents. The mean expectation of fourteen analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -23 cents to 86 cents per share.

• Revenue rose 17.3% to $41.30 million from a year ago; analysts expected $51.17 million.

• Hut 8 Corp's reported EPS for the quarter was $1.18​.

• The company reported quarterly net income of $137.31 million.

• Hut 8 Corp shares had risen by 11.2% this quarter and gained 1.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 142.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the blockchain & cryptocurrency peer group is also "buy"

• Wall Street's median 12-month price target for Hut 8 Corp is $25.50, about 18.9% above its last closing price of $20.69

This summary was machine generated from LSEG data August 7 at 08:29 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)