Roth Capital Expects Stronger Earnings for Core Scientific

Core Scientific, Inc. (NASDAQ:CORZ) – Investment analysts at Roth Capital lifted their Q1 2025 earnings per share estimates for shares of Core Scientific in a research report issued on Monday, December 16th. Roth Capital analyst D. Aftahi now expects 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 have also issued reports about the stock. Jefferies Financial Group began coverage on shares of Core Scientific in a report on Monday, October 28th. They set a “buy” rating and a $19.00 target price on the stock. HC Wainwright increased their price objective on Core Scientific from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. BTIG Research boosted their target price on Core Scientific from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday. Macquarie increased their price target on Core Scientific from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, B. Riley boosted their price objective on Core Scientific from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $18.46.

Core Scientific Price Performance

Shares of NASDAQ:CORZ opened at $16.03 on Wednesday. The firm has a market capitalization of $4.48 billion and a PE ratio of -2.96. Core Scientific has a 1 year low of $2.61 and a 1 year high of $18.63. The firm’s 50-day moving average is $15.17 and its two-hundred day moving average is $11.83.

Insider Transactions at Core Scientific

In other news, insider Todd M. Duchene sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.10, for a total value of $427,500.00. Following the completion of the sale, the insider now directly owns 1,661,474 shares of the company’s stock, valued at approximately $28,411,205.40. This represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Yadin Rozov sold 105,000 shares of Core Scientific stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $18.11, for a total transaction of $1,901,550.00. Following the completion of the transaction, the director now directly owns 345,239 shares in the company, valued at $6,252,278.29. The trade was a 23.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 32.00% of the company’s stock.

Institutional Investors Weigh In On Core Scientific

A number of institutional investors and hedge funds have recently made changes to their positions in the business. P Schoenfeld Asset Management LP purchased a new position in shares of Core Scientific during the second quarter worth about $4,185,000. Highland Peak Capital LLC lifted its position in Core Scientific by 37.9% during the 3rd quarter. Highland Peak Capital LLC now owns 413,584 shares of the company’s stock worth $4,905,000 after acquiring an additional 113,584 shares during the period. Mirabella Financial Services LLP purchased a new position in shares of Core Scientific in the 3rd quarter valued at approximately $18,383,000. Van ECK Associates Corp increased its holdings in shares of Core Scientific by 22.9% in the third quarter. Van ECK Associates Corp now owns 1,616,944 shares of the company’s stock valued at $19,177,000 after purchasing an additional 300,942 shares during the period. Finally, DeepCurrents Investment Group LLC raised its stake in shares of Core Scientific by 157.7% during the second quarter. DeepCurrents Investment Group LLC now owns 255,162 shares of the company’s stock worth $2,373,000 after purchasing an additional 156,162 shares during 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.