Core Scientific, Inc. Expected to Earn FY2025 Earnings of $0.15 Per Share (NASDAQ:CORZ)

Core Scientific, Inc. (NASDAQ:CORZ) – Equities research analysts at HC Wainwright issued their FY2025 earnings per share estimates for shares of Core Scientific in a report issued on Tuesday, June 25th. HC Wainwright analyst K. Dede expects that the company will earn $0.15 per share for the year. HC Wainwright currently has a “Buy” rating and a $11.00 target price on the stock. The consensus estimate for Core Scientific’s current full-year earnings is ($0.17) per share.

Core Scientific (NASDAQ:CORZ) last posted its earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. The firm had revenue of $179.29 million for the quarter, compared to the consensus estimate of $139.60 million.

Separately, BTIG Research lifted their price target on Core Scientific from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday.

Core Scientific Price Performance

Core Scientific stock opened at $9.55 on Wednesday. Core Scientific has a twelve month low of $2.61 and a twelve month high of $10.70. The firm has a fifty day simple moving average of $5.64 and a two-hundred day simple moving average of $3.70.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Aspect Partners LLC acquired a new stake in Core Scientific in the 1st quarter valued at about $29,000. Kensico Capital Management Corp purchased a new stake in shares of Core Scientific during the first quarter worth approximately $18,513,000. Vident Advisory LLC purchased a new stake in Core Scientific during the 1st quarter worth about $4,047,000. Blair William & Co. IL acquired a new position in Core Scientific in the first quarter valued at approximately $1,156,000. Finally, Anson Funds Management LP acquired a new position in shares of Core Scientific in the 1st quarter valued at $1,000,000.

Insider Buying and Selling

In related news, insider Todd M. Duchene sold 7,321 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $9.39, for a total value of $68,744.19. Following the sale, the insider now owns 359,877 shares in the company, valued at $3,379,245.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Todd M. Duchene sold 7,321 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $9.39, for a total value of $68,744.19. Following the transaction, the insider now directly owns 359,877 shares in the company, valued at $3,379,245.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Todd M. Duchene sold 3,770 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $9.99, for a total value of $37,662.30. Following the sale, the insider now owns 393,428 shares of the company’s stock, valued at approximately $3,930,345.72. The disclosure for this sale can be found here. 32.00% of the stock is currently owned by company insiders.

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.