Core Scientific, Inc. Forecasted 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 EPS estimates for shares of Core Scientific in a research report issued to clients and investors on Tuesday, June 25th. HC Wainwright analyst K. Dede forecasts that the company will post earnings per share of $0.15 for the year. HC Wainwright has a “Buy” rating and a $11.00 price objective on the stock. The consensus estimate for Core Scientific’s current full-year earnings is ($0.17) per share.

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

Separately, BTIG Research increased their target price on shares of Core Scientific from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th.

Core Scientific Stock Up 6.2 %

Shares of NASDAQ CORZ opened at $9.27 on Wednesday. The firm’s 50 day simple moving average is $5.36 and its 200-day simple moving average is $3.62. Core Scientific has a 12 month low of $2.61 and a 12 month high of $10.70.

Insider Buying and Selling at Core Scientific

In related news, insider Todd M. Duchene sold 3,770 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $9.99, for a total value of $37,662.30. Following the transaction, the insider now directly owns 393,428 shares of the company’s stock, valued at approximately $3,930,345.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CORZ. Aspect Partners LLC purchased a new stake in shares of Core Scientific during the first quarter worth $29,000. Kensico Capital Management Corp purchased a new position in Core Scientific during the first quarter worth about $18,513,000. Anson Funds Management LP purchased a new stake in shares of Core Scientific in the 1st quarter valued at approximately $1,000,000. Vident Advisory LLC acquired a new stake in shares of Core Scientific during the 1st quarter worth approximately $4,047,000. Finally, Vanguard Group Inc. purchased a new stake in shares of Core Scientific during the 1st quarter valued at approximately $21,973,000.

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.