FY2027 EPS Estimates for Core Scientific Lifted by Analyst

Core Scientific, Inc. (NASDAQ:CORZ) – Equities researchers at Roth Capital upped their FY2027 earnings per share estimates for shares of Core Scientific in a research note issued to investors on Monday, December 16th. Roth Capital analyst D. Aftahi now expects that the company will post earnings of $0.95 per share for the year, up from their previous estimate of $0.88. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Core Scientific’s current full-year earnings is $0.50 per share. Roth Capital also issued estimates for Core Scientific’s FY2028 earnings at $2.49 EPS.

A number of other research firms also recently weighed in on CORZ. Roth Mkm assumed coverage on shares of Core Scientific in a research report on Friday, November 15th. They issued a “buy” rating and a $25.50 target price for the company. Sanford C. Bernstein reissued an “outperform” rating and set a $17.00 price target on shares of Core Scientific in a research report on Tuesday, September 10th. BTIG Research raised their price target on Core Scientific from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday. Jefferies Financial Group began coverage on Core Scientific in a research note on Monday, October 28th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $17.00 target price on shares of Core Scientific in a research note on Thursday, November 7th. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $18.46.

Core Scientific Stock Down 3.2 %

NASDAQ CORZ opened at $16.03 on Tuesday. The firm’s 50 day moving average is $15.17 and its 200-day moving average is $11.83. The company has a market capitalization of $4.48 billion and a PE ratio of -2.96. Core Scientific has a 12-month low of $2.61 and a 12-month high of $18.63.

Institutional Investors Weigh In On Core Scientific

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC increased its position in Core Scientific by 130.1% during the third quarter. Sanctuary Advisors LLC now owns 34,527 shares of the company’s stock worth $409,000 after acquiring an additional 19,522 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Core Scientific during the 3rd quarter worth approximately $194,000. Geode Capital Management LLC increased its holdings in shares of Core Scientific by 26.7% during the third quarter. Geode Capital Management LLC now owns 5,276,573 shares of the company’s stock worth $62,594,000 after purchasing an additional 1,113,285 shares during the period. Sender Co & Partners Inc. acquired a new stake in shares of Core Scientific in the third quarter valued at approximately $2,426,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Core Scientific in the third quarter valued at approximately $1,459,000.

Insider Activity

In related news, insider Todd M. Duchene sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.10, for a total value of $427,500.00. Following the completion of the sale, the insider now directly owns 1,661,474 shares in the company, valued at $28,411,205.40. The trade was a 1.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Yadin Rozov sold 105,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $18.11, for a total value of $1,901,550.00. Following the completion of the transaction, the director now directly owns 345,239 shares in the company, valued at approximately $6,252,278.29. This represents a 23.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 32.00% of the company’s stock.

About Core Scientific

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.