Hut 8 Mining Corp. (HUT Quick QuoteHUT - Free Report) is scheduled to release third-quarter 2021 results on Nov 11, before market opens.

Let’s check out the expectations in detail.

Q3 Expectations

The Zacks Consensus Estimate for revenues is pegged at $39.34 million, indicating 44.4% growth sequentially. The top line is likely to have benefited from contributions from the company’s self-mining operations and expanded hosting services. An uptick in the number of self-mined Bitcoins is likely to have acted as a major tailwind.

The Zacks Consensus Estimate for earnings per share is projected at 11 cents, indicating sequential growth of more than 100%. The bottom line is likely to have been aided by the expansion of Hut 8's operations and improvement in Bitcoin mining economics.

What Our Model Says

Our proven model predicts an earnings beat for Hut 8 Mining this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.

Hut 8 Mining has an Earnings ESP of +12.50% and a Zacks Rank #3.

Other Stocks to Consider

Here are a few otherstocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these too have the right combination of elements to beat on their respective earnings:

Opendoor Technologies (OPEN Quick QuoteOPEN - Free Report) has an Earnings ESP of +38.89% and a Zacks Rank #2.You can see the complete list of today’s Zacks #1 Rank stocks here.

SoFi Technologies (SOFI Quick QuoteSOFI - Free Report) has an Earnings ESP of +64.71% and a Zacks Rank #3.

Affirm (AFRM Quick QuoteAFRM - Free Report) has an Earnings ESP of +39.50% and a Zacks Rank #3.