Roth Capital Raises Earnings Estimates for Core Scientific

Core Scientific, Inc. (NASDAQ:CORZ - Free Report) - Research analysts at Roth Capital upped their Q1 2025 EPS estimates for shares of Core Scientific in a research note issued to investors on Monday, December 16th. Roth Capital analyst D. Aftahi now anticipates that the company will earn ($0.13) per share for the quarter, up from their previous estimate of ($0.14). 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 Q2 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at $0.00 EPS, FY2025 earnings at ($0.29) EPS and FY2026 earnings at $0.34 EPS.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group began coverage on Core Scientific in a report on Monday, September 23rd. They set a "buy" rating and a $16.00 price objective for the company. Compass Point raised their price target on shares of Core Scientific from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Roth Mkm initiated coverage on Core Scientific in a research note on Friday, November 15th. They set a "buy" rating and a $25.50 price objective on the stock. B. Riley lifted their price objective on shares of Core Scientific from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $20.00 price objective on shares of Core Scientific in a research note on Thursday, October 3rd. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Core Scientific has a consensus rating of "Buy" and an average price target of $18.46.

Core Scientific Stock Performance

Shares of NASDAQ CORZ traded down $1.58 during trading on Wednesday, hitting $14.45. 15,841,941 shares of the company traded hands, compared to its average volume of 9,105,920. The business's fifty day moving average is $15.24 and its 200 day moving average is $11.91. The firm has a market capitalization of $4.04 billion and a price-to-earnings ratio of -2.67. Core Scientific has a fifty-two week low of $2.61 and a fifty-two week high of $18.63.

Institutional Trading of Core Scientific

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise purchased a new position in Core Scientific during the 2nd quarter valued at about $28,000. Sunbelt Securities Inc. bought a new position in shares of Core Scientific in the second quarter valued at approximately $33,000. Divisadero Street Capital Management LP purchased a new position in Core Scientific during the second quarter valued at approximately $93,000. Rise Advisors LLC increased its holdings in Core Scientific by 14.3% during the 3rd quarter. Rise Advisors LLC now owns 8,000 shares of the company's stock worth $95,000 after acquiring an additional 1,000 shares during the period. Finally, Xponance Inc. purchased a new stake in Core Scientific in the 2nd quarter worth approximately $104,000.

Insider Transactions at Core Scientific

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

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.