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

Core Scientific (NASDAQ:CORZ) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings results 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 the consensus estimate of $128.58 million. The firm’s revenue was up 11.2% compared to the same quarter last year. On average, analysts expect Core Scientific to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Core Scientific Price Performance

NASDAQ CORZ opened at $13.44 on Thursday. Core Scientific has a fifty-two week low of $2.61 and a fifty-two week high of $14.64. The business has a fifty day moving average of $11.80 and a 200-day moving average of $8.88.

Insider Buying and Selling at Core Scientific

In other Core Scientific news, insider Todd M. Duchene sold 11,582 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $9.41, for a total transaction of $108,986.62. Following the completion of the sale, the insider now owns 1,686,474 shares of the company’s stock, valued at approximately $15,869,720.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Todd M. Duchene sold 11,582 shares of the company’s 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 sale, the insider now owns 1,686,474 shares of the company’s stock, valued at $15,869,720.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jarrod M. Patten bought 5,021 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average cost of $9.68 per share, with a total value of $48,603.28. Following the transaction, the director now directly owns 285,760 shares of the company’s stock, valued at approximately $2,766,156.80. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 12,761 shares of company stock valued at $127,080. Company insiders own 32.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CORZ. Macquarie began coverage on Core Scientific in a report on Wednesday, September 25th. They issued an “outperform” rating and a $16.00 price target for the company. Canaccord Genuity Group boosted their price target on Core Scientific from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. B. Riley lifted their price objective on Core Scientific from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Core Scientific in a research report on Tuesday, September 10th. Finally, Needham & Company LLC lifted their price objective on Core Scientific from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, Core Scientific presently has a consensus rating of “Buy” and a consensus price target 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.