As you might know, HIVE Digital Technologies Ltd. (CVE:HIVE) recently reported its third-quarter numbers. It was overall a positive result, with revenues beating expectations by 2.4% to hit US$29m. HIVE Digital Technologies also reported a statutory profit of US$0.0099, which was a nice improvement from the loss that the analysts were predicting. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on HIVE Digital Technologies after the latest results.

Check out our latest analysis for HIVE Digital Technologies

Following the latest results, HIVE Digital Technologies' seven analysts are now forecasting revenues of US$341.2m in 2026. This would be a sizeable 182% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with HIVE Digital Technologies forecast to report a statutory profit of US$0.36 per share. Before this earnings report, the analysts had been forecasting revenues of US$313.6m and earnings per share (EPS) of US$0.40 in 2026. So it's pretty clear consensus is mixed on HIVE Digital Technologies after the latest results; whilethe analysts lifted revenue numbers, they also administered a small dip in per-share earnings expectations.

Curiously, the consensus price target rose 211% to CA$7.00. We can only conclude that the forecast revenue growth is expected to offset the impact of the expected fall in earnings.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting HIVE Digital Technologies' growth to accelerate, with the forecast 129% annualised growth to the end of 2026 ranking favourably alongside historical growth of 16% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 15% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect HIVE Digital Technologies to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for HIVE Digital Technologies going out to 2027, and you can see them free on our platform here..

However, before you get too enthused, we've discovered 2 warning signs for HIVE Digital Technologies that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.