Brokers Set Expectations for Core Scientific Q1 Earnings

Core Scientific, Inc. (NASDAQ:CORZ) – Stock analysts at HC Wainwright issued their Q1 2025 earnings estimates for shares of Core Scientific in a research report issued to clients and investors on Thursday, February 27th. HC Wainwright analyst K. Dede expects that the company will post earnings per share of ($0.07) for the quarter. HC Wainwright has a “Buy” rating and a $17.00 price target on the stock. The consensus estimate for Core Scientific’s current full-year earnings is $0.52 per share. HC Wainwright also issued estimates for Core Scientific’s Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.11) EPS and FY2025 earnings at ($0.38) EPS.

Core Scientific (NASDAQ:CORZ) last announced its earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.09. The business had revenue of $94.93 million for the quarter, compared to analysts’ expectations of $97.07 million.

A number of other analysts also recently weighed in on the stock. Compass Point decreased their price target on shares of Core Scientific from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Craig Hallum began coverage on shares of Core Scientific in a report on Tuesday, January 21st. They set a “buy” rating and a $24.00 price objective for the company. Cantor Fitzgerald cut their target price on shares of Core Scientific from $24.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Roth Capital upgraded Core Scientific to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, B. Riley upped their price objective on Core Scientific from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Core Scientific has an average rating of “Buy” and an average target price of $19.07.

Core Scientific Stock Down 5.4 %

CORZ stock opened at $9.59 on Monday. The stock’s 50 day moving average is $13.02 and its two-hundred day moving average is $13.34. Core Scientific has a 52-week low of $2.61 and a 52-week high of $18.63. The company has a market capitalization of $2.68 billion and a PE ratio of -1.77.

Institutional Trading of Core Scientific

Several hedge funds have recently added to or reduced their stakes in CORZ. Wellington Shields & Co. LLC acquired a new position in shares of Core Scientific during the fourth quarter valued at $26,000. First Horizon Advisors Inc. acquired a new position in Core Scientific during the 4th quarter valued at about $34,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Core Scientific during the 4th quarter worth about $42,000. Vestcor Inc acquired a new stake in shares of Core Scientific in the 4th quarter worth approximately $66,000. Finally, US Bancorp DE bought a new position in shares of Core Scientific in the fourth quarter valued at approximately $99,000.

Insider Buying and Selling

In other news, insider Todd M. Duchene sold 25,277 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $16.24, for a total transaction of $410,498.48. Following the completion of the transaction, the insider now directly owns 2,023,423 shares in the company, valued at approximately $32,860,389.52. The trade was a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Taylor Sullivan sold 88,380 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $14.24, for a total value of $1,258,531.20. Following the completion of the transaction, the chief executive officer now directly owns 4,128,505 shares of the company’s stock, valued at $58,789,911.20. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 614,032 shares of company stock worth $9,534,916 in the last three months. 32.00% of the stock is owned by 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.