Earnings Outlook For Hut 8 Mining
Portfolio Pulse from Benzinga Insights
Hut 8 Mining (NASDAQ:HUT) is scheduled to release its quarterly earnings report on March 28, 2024, with analysts expecting an EPS of $-0.25. Investors are hopeful for a beat on this estimate and positive guidance for future growth. Hut 8 Mining's stock performance has been generally positive over the last year, with a 10% increase, and shares were trading at $9.88 as of March 26. Past earnings performance has shown a mix of beats and misses, with corresponding stock price changes.
March 27, 2024 | 2:00 pm
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POSITIVE IMPACT
Hut 8 Mining is expected to report an EPS of $-0.25 for the latest quarter. Positive past year performance with a 10% increase in stock price. Investors are optimistic for positive guidance beyond the earnings beat.
Given the anticipation of a positive earnings report and guidance, HUT's stock is likely to see a short-term positive impact. The historical performance and the investors' optimism based on past trends suggest a potential increase in stock price if the company beats the EPS estimate and provides favorable future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100