FY2027 EPS Estimates for Core Scientific Boosted by Analyst

Core Scientific, Inc. (NASDAQ:CORZ) – Analysts at Roth Capital increased their FY2027 earnings per share estimates for Core Scientific in a research note issued to investors on Monday, December 16th. Roth Capital analyst D. Aftahi now anticipates 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.

Several other analysts have also recently weighed in on CORZ. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Core Scientific in a research report on Tuesday, September 10th. BTIG Research raised their target price on shares of Core Scientific from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $17.00 price objective on shares of Core Scientific in a research report on Thursday, November 7th. Compass Point increased their target price on Core Scientific from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, HC Wainwright lifted their price target on Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $18.46.

Core Scientific Stock Up 6.5 %

Shares of CORZ opened at $16.56 on Tuesday. The firm has a fifty day simple moving average of $15.08 and a two-hundred day simple moving average of $11.75. The stock has a market capitalization of $4.62 billion and a P/E ratio of -3.02. Core Scientific has a twelve month low of $2.61 and a twelve month high of $18.63.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. P Schoenfeld Asset Management LP purchased a new position in Core Scientific in the 2nd quarter worth $4,185,000. Highland Peak Capital LLC boosted its position in Core Scientific by 37.9% in the third quarter. Highland Peak Capital LLC now owns 413,584 shares of the company’s stock valued at $4,905,000 after buying an additional 113,584 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in Core Scientific in the 3rd quarter worth approximately $18,383,000. Van ECK Associates Corp raised its position in Core Scientific by 22.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,616,944 shares of the company’s stock worth $19,177,000 after buying an additional 300,942 shares during the last quarter. Finally, DeepCurrents Investment Group LLC lifted its stake in Core Scientific by 157.7% during the 2nd quarter. DeepCurrents Investment Group LLC now owns 255,162 shares of the company’s stock valued at $2,373,000 after acquiring an additional 156,162 shares during the period.

Insider Transactions at Core Scientific

In other news, insider Todd M. Duchene sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. Following the transaction, the insider now owns 1,661,474 shares in the company, valued at $28,411,205.40. This represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Yadin Rozov sold 105,000 shares of Core Scientific stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $18.11, for a total transaction of $1,901,550.00. Following the completion of the sale, the director now owns 345,239 shares of the company’s stock, valued at $6,252,278.29. This trade 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.

Core Scientific Company Profile

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.