FY2026 EPS Estimates for Core Scientific, Inc. (NASDAQ:CORZ) Lifted by Analyst

Core Scientific, Inc. (NASDAQ:CORZFree Report) – Stock analysts at B. Riley boosted their FY2026 earnings per share (EPS) estimates for Core Scientific in a research note issued to investors on Friday, October 11th. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of $0.22 for the year, up from their prior estimate of $0.19. B. Riley has a “Buy” rating and a $14.00 price target on the stock. The consensus estimate for Core Scientific’s current full-year earnings is $0.01 per share.

Other equities analysts also recently issued reports about the company. HC Wainwright upped their price target on shares of Core Scientific from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. LADENBURG THALM/SH SH reaffirmed a “buy” rating and set a $14.50 price target on shares of Core Scientific in a research note on Tuesday, July 2nd. Needham & Company LLC initiated coverage on shares of Core Scientific in a research report on Wednesday, September 4th. They issued a “buy” rating and a $16.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $20.00 target price on shares of Core Scientific in a research report on Thursday, October 3rd. Finally, Macquarie assumed coverage on shares of Core Scientific in a report on Wednesday, September 25th. They issued an “outperform” rating and a $16.00 price target on the stock. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $15.27.

Get Our Latest Analysis on Core Scientific

Core Scientific Stock Performance

Core Scientific stock opened at $13.22 on Monday. Core Scientific has a twelve month low of $2.61 and a twelve month high of $13.29. The stock’s 50 day moving average is $10.80 and its 200 day moving average is $7.97.

Core Scientific (NASDAQ:CORZGet Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($4.47). The firm had revenue of $141.10 million during the quarter, compared to analysts’ expectations of $128.58 million. The company’s revenue was up 11.2% compared to the same quarter last year.

Insider Activity

In other news, Director Jarrod M. Patten acquired 4,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were bought at an average price of $9.70 per share, with a total value of $38,800.00. Following the purchase, the director now owns 279,239 shares of the company’s stock, valued at approximately $2,708,618.30. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Core Scientific news, CFO Denise Marie Brucia Sterling sold 8,752 shares of Core Scientific stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $9.41, for a total value of $82,356.32. Following the completion of the sale, the chief financial officer now directly owns 122,217 shares in the company, valued at $1,150,061.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jarrod M. Patten acquired 4,000 shares of Core Scientific stock in a transaction that occurred on Wednesday, August 28th. The stock was acquired at an average cost of $9.70 per share, with a total value of $38,800.00. Following the purchase, the director now owns 279,239 shares in the company, valued at $2,708,618.30. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 12,761 shares of company stock valued at $127,080. 32.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Core Scientific

Several hedge funds and other institutional investors have recently made changes to their positions in CORZ. P Schoenfeld Asset Management LP bought a new stake in shares of Core Scientific in the 2nd quarter worth approximately $4,185,000. Vanguard Group Inc. bought a new stake in Core Scientific in the 1st quarter valued at $21,973,000. Hexagon Capital Partners LLC acquired a new position in shares of Core Scientific in the 1st quarter valued at $34,000. Blair William & Co. IL bought a new position in shares of Core Scientific during the 1st quarter worth about $1,156,000. Finally, DeepCurrents Investment Group LLC boosted its position in shares of Core Scientific by 157.7% during the 2nd quarter. DeepCurrents Investment Group LLC now owns 255,162 shares of the company’s stock valued at $2,373,000 after acquiring an additional 156,162 shares in the last quarter.

About Core Scientific

(Get Free Report)

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.

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

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