FY2025 EPS Estimate for Core Scientific Decreased by Analyst

Core Scientific, Inc. (NASDAQ:CORZ) – Equities research analysts at Roth Capital cut their FY2025 earnings per share estimates for Core Scientific in a report released on Thursday, October 23rd. Roth Capital analyst D. Aftahi now expects that the company will post earnings of ($0.38) per share for the year, down from their prior estimate of $1.89. Roth Capital has a “Buy” rating and a $23.50 price objective on the stock. The consensus estimate for Core Scientific’s current full-year earnings is $0.52 per share.

CORZ has been the topic of a number of other reports. BTIG Research downgraded Core Scientific from a “strong-buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a report on Monday, July 7th. HC Wainwright reaffirmed a “neutral” rating on shares of Core Scientific in a report on Monday, August 11th. B. Riley raised Core Scientific from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Wednesday, October 22nd. Citigroup downgraded Core Scientific from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Core Scientific in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.69.

Core Scientific Trading Up 2.7%

NASDAQ CORZ opened at $19.87 on Monday. The stock’s 50 day moving average is $16.53 and its two-hundred day moving average is $13.44. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 132.48 and a beta of 6.58. Core Scientific has a 1-year low of $6.20 and a 1-year high of $20.36.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings data on Friday, October 24th. The company reported ($0.46) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.85) by $0.39. The company had revenue of $81.10 million for the quarter, compared to analyst estimates of $107.18 million.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. HHM Wealth Advisors LLC lifted its holdings in Core Scientific by 96.5% during the 2nd quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock worth $33,000 after buying an additional 946 shares in the last quarter. State of Wyoming acquired a new position in Core Scientific during the 1st quarter worth $34,000. Osaic Holdings Inc. lifted its holdings in Core Scientific by 112.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock worth $34,000 after buying an additional 1,066 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in Core Scientific during the 1st quarter worth $38,000. Finally, Advisors Asset Management Inc. lifted its holdings in Core Scientific by 68.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock worth $46,000 after buying an additional 1,092 shares in the last quarter.

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.