Roth Capital Lowers Earnings Estimates for Core Scientific

Core Scientific, Inc. (NASDAQ:CORZ) – Equities research analysts at Roth Capital dropped their Q2 2026 earnings per share (EPS) estimates for shares of Core Scientific in a research report issued on Wednesday, April 9th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings per share of $0.02 for the quarter, down from their prior estimate of $0.04. The consensus estimate for Core Scientific’s current full-year earnings is $0.52 per share. Roth Capital also issued estimates for Core Scientific’s Q3 2026 earnings at $0.02 EPS, Q4 2026 earnings at $0.05 EPS, FY2026 earnings at $0.07 EPS and FY2028 earnings at $0.94 EPS.

Core Scientific (NASDAQ:CORZ) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.09. The business had revenue of $94.93 million during the quarter, compared to analyst estimates of $97.07 million.

Several other brokerages have also recently weighed in on CORZ. Cantor Fitzgerald decreased their price objective on Core Scientific from $24.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Keefe, Bruyette & Woods assumed coverage on Core Scientific in a research note on Monday, January 27th. They issued an “outperform” rating and a $22.00 price target for the company. Compass Point dropped their price objective on Core Scientific from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Canaccord Genuity Group reissued a “buy” rating and issued a $17.00 price objective on shares of Core Scientific in a report on Wednesday, March 12th. Finally, Craig Hallum assumed coverage on shares of Core Scientific in a report on Tuesday, January 21st. They set a “buy” rating and a $24.00 target price on the stock. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Core Scientific currently has a consensus rating of “Buy” and an average target price of $19.07.

Core Scientific Trading Up 3.7 %

Shares of CORZ stock opened at $7.07 on Friday. The firm’s fifty day moving average price is $9.39 and its two-hundred day moving average price is $12.73. Core Scientific has a 1 year low of $2.61 and a 1 year high of $18.63. The firm has a market capitalization of $2.08 billion, a P/E ratio of -1.31 and a beta of 6.80.

Hedge Funds Weigh In On Core Scientific

Several institutional investors and hedge funds have recently modified their holdings of the business. Wellington Shields & Co. LLC acquired a new stake in Core Scientific in the 4th quarter worth about $26,000. First Horizon Advisors Inc. bought a new position in shares of Core Scientific during the fourth quarter worth approximately $34,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Core Scientific in the fourth quarter valued at approximately $42,000. Vestcor Inc bought a new stake in shares of Core Scientific in the fourth quarter valued at approximately $66,000. Finally, US Bancorp DE acquired a new stake in Core Scientific during the fourth quarter worth approximately $99,000.

Insider Activity

In related news, insider Todd M. Duchene sold 25,277 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $16.24, for a total value of $410,498.48. Following the completion of the sale, the insider now directly owns 2,023,423 shares in the company, valued at $32,860,389.52. The trade was a 1.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam Taylor Sullivan sold 369,712 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $16.24, for a total value of $6,004,122.88. Following the transaction, the chief executive officer now owns 3,758,793 shares in the company, valued at $61,042,798.32. The trade was a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 530,041 shares of company stock valued at $7,870,352 over the last ninety days. 32.00% of the stock is currently owned by company insiders.

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.