HC Wainwright Lowers Earnings Estimates for Core Scientific

Core Scientific, Inc. (NASDAQ:CORZ) – Equities research analysts at HC Wainwright decreased their FY2025 earnings per share estimates for shares of Core Scientific in a research report issued to clients and investors on Tuesday, October 28th. HC Wainwright analyst K. Dede now forecasts that the company will earn ($0.60) per share for the year, down from their prior estimate of $2.07. HC Wainwright has a “Buy” rating and a $25.00 price objective 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 Q4 2025 earnings at ($0.13) EPS and FY2026 earnings at $0.16 EPS.

A number of other equities analysts also recently weighed in on the company. B. Riley raised Core Scientific from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, October 22nd. Citigroup cut shares of Core Scientific from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Citizens Jmp downgraded shares of Core Scientific from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 14th. BTIG Research cut shares of Core Scientific from a “strong-buy” rating to a “hold” rating and set a $20.00 price target on the stock. in a research report on Monday, July 7th. Finally, Cantor Fitzgerald increased their price objective on shares of Core Scientific from $18.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.25.

Core Scientific Stock Performance

NASDAQ:CORZ opened at $20.74 on Thursday. The stock has a 50-day simple moving average of $16.92 and a 200 day simple moving average of $13.68. Core Scientific has a 52-week low of $6.20 and a 52-week high of $22.12. The company has a market cap of $6.43 billion, a PE ratio of 138.28 and a beta of 6.58.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings results on Friday, October 24th. The company reported ($0.46) EPS for the quarter, beating analysts’ consensus estimates of ($0.85) by $0.39. The firm had revenue of $81.10 million during the quarter, compared to the consensus estimate of $107.18 million.

Institutional Trading of Core Scientific

A number of large investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Core Scientific during the 1st quarter worth about $50,000. KBC Group NV grew its holdings in Core Scientific by 34.7% during the first quarter. KBC Group NV now owns 10,887 shares of the company’s stock worth $79,000 after purchasing an additional 2,805 shares during the period. Vontobel Holding Ltd. grew its holdings in Core Scientific by 46.7% during the first quarter. Vontobel Holding Ltd. now owns 65,366 shares of the company’s stock worth $473,000 after purchasing an additional 20,800 shares during the period. Summit Trail Advisors LLC acquired a new position in Core Scientific during the first quarter worth approximately $357,000. Finally, Heritage Oak Wealth Advisors LLC raised its stake in Core Scientific by 0.4% in the first quarter. Heritage Oak Wealth Advisors LLC now owns 736,137 shares of the company’s stock valued at $5,330,000 after buying an additional 2,985 shares during the period.

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.