Core Scientific FY2027 EPS Estimate Lifted by Roth Capital

Core Scientific, Inc. (NASDAQ:CORZ) – Investment analysts at Roth Capital increased their FY2027 earnings per share estimates for Core Scientific in a research note issued on Monday, December 16th. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of $0.95 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.

CORZ has been the subject of a number of other research reports. Needham & Company LLC upped their price target on Core Scientific from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $20.00 price target on shares of Core Scientific in a report on Thursday, October 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $17.00 target price on shares of Core Scientific in a research report on Tuesday, September 10th. Macquarie raised their price target on shares of Core Scientific from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Compass Point boosted their price objective on Core Scientific from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $18.46.

Core Scientific Price Performance

Shares of NASDAQ CORZ opened at $16.56 on Tuesday. The stock has a market capitalization of $4.62 billion and a price-to-earnings ratio of -3.02. The firm’s 50 day simple moving average is $15.08 and its 200-day simple moving average is $11.75. 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

Large investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise acquired a new stake in Core Scientific in the 2nd quarter valued at about $28,000. Sunbelt Securities Inc. acquired a new position in Core Scientific during the 2nd quarter worth approximately $33,000. Divisadero Street Capital Management LP purchased a new position in shares of Core Scientific during the 2nd quarter valued at approximately $93,000. Rise Advisors LLC raised its stake in shares of Core Scientific by 14.3% in the 3rd quarter. Rise Advisors LLC now owns 8,000 shares of the company’s stock valued at $95,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Xponance Inc. bought a new position in Core Scientific during the second quarter worth $104,000.

Insiders Place Their Bets

In other news, insider Todd M. Duchene sold 25,000 shares of the firm’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 sale, the insider now directly owns 1,661,474 shares in the company, valued at approximately $28,411,205.40. This trade represents a 1.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yadin Rozov sold 105,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 345,239 shares of the company’s stock, valued at approximately $6,252,278.29. The trade was a 23.32 % decrease in their position. The disclosure for this sale can be found here. 32.00% of the stock is owned by company insiders.

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.