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The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $43.16 million, implying growth of more than 100% from the year-ago reported figure. The top line is likely to have been aided by contributions from the company’s self-mining operations and its expanded hosting services.
The consensus mark for earnings stands at 20 cents per share, implying more than 100% growth from the year-ago reported figure. The bottom line is expected to have benefited from the expansion of Hut 8's operations and the improvement in Bitcoin mining economics.
What Our Model Says
Our proven model does not conclusively predict 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. But that’s not the case here. 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 0.00% and a Zacks Rank #3.
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings this season.
Cross Country Healthcare’s long-term earnings growth rate is projected at 6.6%. The company has delivered a trailing four-quarter earnings surprise of 41.5%, on average.
Cross Country Healthcare’s shares have surged 51.6% in the past year.
Nielsen Holdings has an Earnings ESP of +0.81% and a Zacks Rank #1.
Nielsen has an expected earnings growth rate of 1.7% for the current year. The company has delivered a trailing four-quarter earnings surprise of 28.2%, on average.
Robert Half (RHI - Free Report) has an Earnings ESP of +3.68% and a Zacks Rank #2.
Robert Half has an expected earnings growth rate of 15.7% for the current year. The company has delivered a trailing four-quarter earnings surprise of 19.5%, on average.
Robert Half’s shares have surged 46.2% in the past year. Its long-term earnings growth rate is projected at 6.8%.
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What's in the Cards for Hut 8 Mining (HUT) in Q4 Earnings?
Hut 8 Mining Corp. (HUT - Free Report) is scheduled to report fourth-quarter 2021 results on Mar 17.
Let’s check out the expectations in detail.
Q4 Expectations in Detail
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $43.16 million, implying growth of more than 100% from the year-ago reported figure. The top line is likely to have been aided by contributions from the company’s self-mining operations and its expanded hosting services.
The consensus mark for earnings stands at 20 cents per share, implying more than 100% growth from the year-ago reported figure. The bottom line is expected to have benefited from the expansion of Hut 8's operations and the improvement in Bitcoin mining economics.
What Our Model Says
Our proven model does not conclusively predict 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. But that’s not the case here. 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 0.00% and a Zacks Rank #3.
Hut 8 Mining Corp. Price and EPS Surprise
Hut 8 Mining Corp. price-eps-surprise | Hut 8 Mining Corp. Quote
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings this season.
Cross Country Healthcare (CCRN - Free Report) has an Earnings ESP of +10.21% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cross Country Healthcare’s long-term earnings growth rate is projected at 6.6%. The company has delivered a trailing four-quarter earnings surprise of 41.5%, on average.
Cross Country Healthcare’s shares have surged 51.6% in the past year.
Nielsen Holdings has an Earnings ESP of +0.81% and a Zacks Rank #1.
Nielsen has an expected earnings growth rate of 1.7% for the current year. The company has delivered a trailing four-quarter earnings surprise of 28.2%, on average.
Robert Half (RHI - Free Report) has an Earnings ESP of +3.68% and a Zacks Rank #2.
Robert Half has an expected earnings growth rate of 15.7% for the current year. The company has delivered a trailing four-quarter earnings surprise of 19.5%, on average.
Robert Half’s shares have surged 46.2% in the past year. Its long-term earnings growth rate is projected at 6.8%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.