, Will stock surge before Earnings results? Hut 8 Mining (NASDAQ:LNDC)

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Earnings results for Hut 8 Mining (NASDAQ:LNDC)

Landec last released its earnings data on September 28th, 2021. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.12. Landec has generated ($0.08) earnings per share over the last year (($1.12) diluted earnings per share). Earnings for Landec are expected to grow in the coming year, from ($0.04) to $0.15 per share. Landec has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, January 5th, 2022 based off prior year’s report dates.

Analyst Opinion on Hut 8 Mining (NASDAQ:LNDC)

According to the issued ratings of 3 analysts in the last year, the consensus rating for Landec stock is Buy based on the current 3 buy ratings for LNDC. The average twelve-month price target for Landec is $12.67 with a high price target of $14.00 and a low price target of $12.00.

on LNDC’s analyst rating history

Landec has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $12.67, Landec has a forecasted upside of 38.6% from its current price of $9.14. Landec has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Hut 8 Mining (NASDAQ:LNDC)

Landec does not currently pay a dividend. Landec does not have a long track record of dividend growth.

Insiders buying/selling: Hut 8 Mining (NASDAQ:LNDC)

In the past three months, Landec insiders have not sold or bought any company stock. 13.16% of the stock of Landec is held by insiders. A high percentage of insider ownership can be a sign of company health. 87.59% of the stock of Landec is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Hut 8 Mining (NASDAQ:LNDC

Earnings for Landec are expected to grow in the coming year, from ($0.04) to $0.15 per share. The P/E ratio of Landec is -8.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Landec is -8.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Landec has a P/B Ratio of 1.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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