Core Scientific (CORZ) Scheduled to Post Quarterly Earnings on Wednesday

Core Scientific (NASDAQ:CORZ) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Core Scientific to post earnings of ($0.11) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($4.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($4.47). The firm had revenue of $141.10 million during the quarter, compared to analysts’ expectations of $128.58 million. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, analysts expect Core Scientific to post $1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Core Scientific Stock Performance

Shares of Core Scientific stock opened at $13.03 on Monday. The business has a 50 day moving average of $11.91 and a 200 day moving average of $9.07. Core Scientific has a 52 week low of $2.61 and a 52 week high of $14.64.

Insider Activity at Core Scientific

In other news, insider Todd M. Duchene sold 11,582 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $9.41, for a total value of $108,986.62. Following the sale, the insider now directly owns 1,686,474 shares of the company’s stock, valued at approximately $15,869,720.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Todd M. Duchene sold 11,582 shares of Core Scientific stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $9.41, for a total value of $108,986.62. Following the completion of the transaction, the insider now owns 1,686,474 shares of the company’s stock, valued at $15,869,720.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jarrod M. Patten purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased at an average price of $9.70 per share, for a total transaction of $38,800.00. Following the purchase, the director now owns 279,239 shares in the company, valued at $2,708,618.30. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 12,761 shares of company stock valued at $127,080 in the last 90 days. Corporate insiders own 32.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CORZ shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 target price on shares of Core Scientific in a research report on Thursday, October 3rd. Compass Point raised their price objective on shares of Core Scientific from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group upped their target price on Core Scientific from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. HC Wainwright increased their target price on Core Scientific from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $17.00 price target on shares of Core Scientific in a research report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $16.71.

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.