Roth Capital Raises Earnings Estimates for Core Scientific

Core Scientific, Inc. (NASDAQ:CORZ) – Analysts at Roth Capital lifted their Q1 2025 EPS estimates for Core Scientific in a note issued to investors on Monday, December 16th. Roth Capital analyst D. Aftahi now anticipates that the company will earn ($0.13) per share for the quarter, up from their prior estimate of ($0.14). Roth Capital currently 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 analysts have also issued research reports about the stock. Roth Mkm began coverage on shares of Core Scientific in a research report on Friday, November 15th. They set a “buy” rating and a $25.50 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 price target on shares of Core Scientific in a research note on Thursday, October 3rd. Needham & Company LLC raised their price objective on Core Scientific from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Sanford C. Bernstein restated an “outperform” rating and issued a $17.00 price objective on shares of Core Scientific in a report on Tuesday, September 10th. Finally, Jefferies Financial Group assumed coverage on shares of Core Scientific in a research note on Monday, October 28th. They set a “buy” rating and a $19.00 target price for the company. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Core Scientific has a consensus rating of “Buy” and a consensus target price of $18.46.

Core Scientific Price Performance

NASDAQ:CORZ opened at $14.48 on Wednesday. The company’s 50-day moving average is $15.34 and its two-hundred day moving average is $11.95. Core Scientific has a 1-year low of $2.61 and a 1-year high of $18.63. The firm has a market capitalization of $4.04 billion and a price-to-earnings ratio of -2.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in shares of Core Scientific during the 2nd quarter worth $28,000. Sunbelt Securities Inc. purchased a new stake in Core Scientific during the 2nd quarter worth about $33,000. Divisadero Street Capital Management LP acquired a new position in shares of Core Scientific during the 2nd quarter worth about $93,000. Rise Advisors LLC increased its holdings 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 acquiring an additional 1,000 shares during the last quarter. Finally, Xponance Inc. acquired a new stake in shares of Core Scientific during the 2nd quarter worth about $104,000.

Insider Activity at Core Scientific

In other news, insider Todd M. Duchene sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $17.10, for a total transaction of $427,500.00. Following the completion of the transaction, the insider now directly owns 1,661,474 shares of the company’s stock, valued at approximately $28,411,205.40. The trade was a 1.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Yadin Rozov sold 105,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now 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. Company insiders own 32.00% of the company’s stock.

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.