FY2026 EPS Estimates for Core Scientific Cut by B. Riley

Core Scientific, Inc. (NASDAQ:CORZ) – Equities researchers at B. Riley lowered their FY2026 earnings per share estimates for Core Scientific in a research report issued on Wednesday, February 12th. B. Riley analyst N. Giles now anticipates that the company will earn $0.07 per share for the year, down from their previous forecast of $0.11. B. Riley has a “Buy” rating and a $17.00 price objective on the stock. The consensus estimate for Core Scientific’s current full-year earnings is $0.50 per share.

A number of other research analysts have also recently issued reports on CORZ. Macquarie lifted their target price on shares of Core Scientific from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Canaccord Genuity Group reiterated a “buy” rating and issued a $17.00 price objective on shares of Core Scientific in a research report on Thursday, November 7th. HC Wainwright increased their target price on Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group initiated coverage on Core Scientific in a report on Monday, October 28th. They issued a “buy” rating and a $19.00 price target for the company. Finally, Roth Mkm assumed coverage on shares of Core Scientific in a report on Friday, November 15th. They set a “buy” rating and a $25.50 price objective on the stock. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $19.07.

Core Scientific Stock Performance

CORZ opened at $12.16 on Thursday. Core Scientific has a twelve month low of $2.61 and a twelve month high of $18.63. The firm has a market cap of $3.40 billion and a price-to-earnings ratio of -2.24. The firm’s 50-day simple moving average is $14.36 and its 200-day simple moving average is $13.15.

Insider Transactions at Core Scientific

In related news, CEO Adam Taylor Sullivan sold 369,712 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $16.24, for a total value of $6,004,122.88. Following the completion of the transaction, the chief executive officer now owns 3,758,793 shares of the company’s stock, valued at approximately $61,042,798.32. This trade represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd M. Duchene sold 25,000 shares of Core Scientific stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. Following the completion of the sale, the insider now owns 1,661,474 shares in the company, valued at $28,411,205.40. The trade was a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 744,032 shares of company stock valued at $11,863,966 over the last three months. 32.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Core Scientific

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Core Scientific by 25.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 98,077 shares of the company’s stock worth $1,378,000 after purchasing an additional 20,000 shares during the last quarter. Highland Peak Capital LLC raised its position in Core Scientific by 37.9% during the third quarter. Highland Peak Capital LLC now owns 413,584 shares of the company’s stock worth $4,905,000 after acquiring an additional 113,584 shares in the last quarter. Mirabella Financial Services LLP bought a new position in shares of Core Scientific in the 3rd quarter valued at about $18,383,000. Van ECK Associates Corp lifted its stake in Core Scientific by 22.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,616,944 shares of the company’s stock valued at $19,177,000 after purchasing an additional 300,942 shares during the last quarter. Finally, Capstone Investment Advisors LLC grew its holdings in Core Scientific by 113.4% during the third quarter. Capstone Investment Advisors LLC now owns 55,000 shares of the company’s stock worth $652,000 after purchasing an additional 29,230 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.