Core Scientific (CORZ) & Its Rivals Head-To-Head Contrast

Core Scientific (NASDAQ:CORZ) is one of 271 publicly-traded companies in the “IT Services” industry, but how does it contrast to its peers? We will compare Core Scientific to related businesses based on the strength of its earnings, dividends, risk, analyst recommendations, institutional ownership, profitability and valuation.

Earnings & Valuation

This table compares Core Scientific and its peers gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Core Scientific	$319.02 million	-$288.62 million	-3.55
Core Scientific Competitors	$8.87 billion	$227.06 million	-26.03

Core Scientific’s peers have higher revenue and earnings than Core Scientific. Core Scientific is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Analyst Ratings

This is a summary of current recommendations for Core Scientific and its peers, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Core Scientific	1	2	17	2	2.91
Core Scientific Competitors	1992	5655	9476	342	2.47

Core Scientific presently has a consensus price target of $30.32, indicating a potential upside of 145.03%. As a group, “IT Services” companies have a potential upside of 29.38%. Given Core Scientific’s stronger consensus rating and higher probable upside, research analysts plainly believe Core Scientific is more favorable than its peers.

Profitability

This table compares Core Scientific and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Core Scientific	-18.31%	-64.77%	28.44%
Core Scientific Competitors	-189.78%	-32.45%	-8.29%

Insider and Institutional Ownership

36.4% of shares of all “IT Services” companies are owned by institutional investors. 1.7% of Core Scientific shares are owned by company insiders. Comparatively, 20.4% of shares of all “IT Services” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Volatility and Risk

Core Scientific has a beta of 5.56, indicating that its stock price is 456% more volatile than the S&P 500. Comparatively, Core Scientific’s peers have a beta of 2.16, indicating that their average stock price is 116% more volatile than the S&P 500.

Summary

Core Scientific beats its peers on 8 of the 13 factors compared.

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. In addition, the company provides electrical power, repair, and other infrastructure services to operate, maintain, and earn digital assets; and sells mining equipment to customers. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.