Core Scientific, Inc. (NASDAQ:CORZ) Forecasted to Earn FY2023 Earnings of $1.88 Per Share

Core Scientific, Inc. (NASDAQ:CORZGet Rating) – Equities research analysts at DA Davidson raised their FY2023 EPS estimates for shares of Core Scientific in a research note issued to investors on Friday, May 20th. DA Davidson analyst C. Brendler now expects that the company will post earnings of $1.88 per share for the year, up from their previous estimate of $1.83.

Several other analysts have also issued reports on CORZ. Zacks Investment Research upgraded shares of Core Scientific from a “hold” rating to a “strong-buy” rating and set a $4.25 price objective on the stock in a report on Thursday. B. Riley boosted their price objective on shares of Core Scientific from $15.00 to $16.00 in a report on Thursday, March 17th. Finally, BTIG Research began coverage on shares of Core Scientific in a report on Thursday, February 24th. They issued a “buy” rating and a $18.00 price objective on the stock.

Shares of CORZ stock opened at 3.72 on Monday. The firm’s 50-day moving average price is 6.89. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.32 and a current ratio of 1.95. Core Scientific has a twelve month low of 3.09 and a twelve month high of 14.98.

A number of large investors have recently modified their holdings of CORZ. BlackRock Inc. purchased a new stake in shares of Core Scientific during the first quarter worth approximately $26,186,000. Vanguard Group Inc. purchased a new stake in shares of Core Scientific during the first quarter worth approximately $25,373,000. Toroso Investments LLC purchased a new stake in shares of Core Scientific during the first quarter worth approximately $11,541,000. Invesco Ltd. purchased a new stake in shares of Core Scientific during the first quarter worth approximately $10,700,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Core Scientific during the first quarter worth approximately $9,456,000.

About Core Scientific (Get Rating)

Core Scientific, Inc provides net carbon-neutral blockchain infrastructure and digital asset mining solutions in North America. It operates in two segments, Equipment Sales and Hosting. It offers blockchain hosting services with deployment and provide power, racks, proprietary thermodynamic management, redundant connectivity, and 24/7 security, as well as its proprietary software platforms, such as Minder and MinderOS, which provides infrastructure management and custom firmware; and digital asset mining operation focuses on the generation of digital assets by solving complex cryptographic algorithms to validate transactions on specific digital asset network blockchains.

Further Reading

Earnings History and Estimates for Core Scientific (NASDAQ:CORZ)

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