FY2026 EPS Estimates for Core Scientific Lowered by B. Riley

Core Scientific, Inc. (NASDAQ:CORZ - Free Report) - Research analysts at B. Riley lowered their FY2026 earnings per share estimates for Core Scientific in a research note issued to investors on Wednesday, February 12th. B. Riley analyst N. Giles now expects that the company will post earnings per share of $0.07 for the year, down from their previous estimate of $0.11. B. Riley has a "Buy" rating and a $17.00 price objective on the stock. The consensus estimate for Core Scientific's current full-year earnings is $0.50 per share.

Other equities research analysts also recently issued reports about the stock. Roth Mkm assumed coverage on shares of Core Scientific in a research note on Friday, November 15th. They issued a "buy" rating and a $25.50 target price for the company. Craig Hallum began coverage on shares of Core Scientific in a report on Tuesday, January 21st. They issued a "buy" rating and a $24.00 target price for the company. Jefferies Financial Group began coverage on shares of Core Scientific in a report on Monday, October 28th. They issued a "buy" rating and a $19.00 target price for the company. BTIG Research boosted their price objective on shares of Core Scientific from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Core Scientific in a research note on Monday, January 27th. They set an "outperform" rating and a $22.00 price objective for the company. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Core Scientific presently has an average rating of "Buy" and an average target price of $19.07.

Core Scientific Stock Performance

Core Scientific stock traded down $0.03 during midday trading on Thursday, reaching $12.51. 4,093,882 shares of the company were exchanged, compared to its average volume of 12,171,637. The company has a market capitalization of $3.49 billion and a price-to-earnings ratio of -2.31. The firm's 50-day simple moving average is $14.07 and its 200-day simple moving average is $13.21. Core Scientific has a 1 year low of $2.61 and a 1 year high of $18.63.

Hedge Funds Weigh In On Core Scientific

A number of large investors have recently made changes to their positions in CORZ. FMR LLC increased its stake in Core Scientific by 2,937.7% in the 4th quarter. FMR LLC now owns 7,436,229 shares of the company's stock valued at $104,479,000 after buying an additional 7,191,428 shares during the period. Vanguard Group Inc. increased its stake in shares of Core Scientific by 54.3% in the fourth quarter. Vanguard Group Inc. now owns 19,378,652 shares of the company's stock worth $272,270,000 after acquiring an additional 6,819,406 shares during the last quarter. Helix Partners Management LP acquired a new position in shares of Core Scientific in the fourth quarter worth $86,498,000. Driehaus Capital Management LLC increased its stake in shares of Core Scientific by 112.1% in the fourth quarter. Driehaus Capital Management LLC now owns 10,264,204 shares of the company's stock worth $144,212,000 after acquiring an additional 5,424,901 shares during the last quarter. Finally, Fred Alger Management LLC acquired a new position in Core Scientific in the 4th quarter worth about $62,011,000.

Insider Buying and Selling

In related news, CEO Adam Taylor Sullivan sold 88,380 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $14.24, for a total transaction of $1,258,531.20. Following the transaction, the chief executive officer now directly owns 4,128,505 shares of the company's stock, valued at approximately $58,789,911.20. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Todd M. Duchene sold 25,000 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total value of $427,500.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 744,032 shares of company stock valued at $11,863,966 over the last quarter. Corporate 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.