HC Wainwright Lowers Earnings Estimates for Core Scientific

Core Scientific, Inc. (NASDAQ:CORZ) – Equities researchers at HC Wainwright decreased their Q3 2025 earnings per share (EPS) estimates for Core Scientific in a note issued to investors on Monday, August 11th. HC Wainwright analyst K. Dede now forecasts that the company will earn ($0.06) per share for the quarter, down from their prior estimate of $0.02. HC Wainwright has a “Neutral” rating on the stock. The consensus estimate for Core Scientific’s current full-year earnings is $0.52 per share. HC Wainwright also issued estimates for Core Scientific’s Q4 2025 earnings at $0.01 EPS and FY2025 earnings at $2.07 EPS.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings data on Friday, August 8th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $78.63 million during the quarter, compared to analyst estimates of $82.09 million. The company’s revenue was down 44.3% compared to the same quarter last year.

A number of other research firms have also recently commented on CORZ. Macquarie cut Core Scientific from a “strong-buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a report on Thursday, July 10th. Needham & Company LLC lowered Core Scientific from a “moderate buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a research report on Thursday, July 10th. Roth Mkm reissued a “buy” rating and issued a $20.00 target price on shares of Core Scientific in a research report on Thursday, June 26th. B. Riley lowered Core Scientific from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 9th. Finally, Arete started coverage on Core Scientific in a research report on Tuesday, July 22nd. They issued a “buy” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.32.

Core Scientific Stock Performance

CORZ opened at $13.84 on Wednesday. Core Scientific has a one year low of $6.20 and a one year high of $18.63. The stock has a market capitalization of $4.23 billion, a PE ratio of -24.71 and a beta of 6.60. The business’s 50 day moving average price is $13.77 and its 200 day moving average price is $10.99.

Hedge Funds Weigh In On Core Scientific

Large investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. increased its holdings in Core Scientific by 229.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 37,501 shares of the company’s stock valued at $272,000 after buying an additional 26,135 shares during the last quarter. Summit Trail Advisors LLC purchased a new position in Core Scientific in the first quarter valued at $357,000. Deutsche Bank AG increased its holdings in Core Scientific by 53.8% in the fourth quarter. Deutsche Bank AG now owns 165,032 shares of the company’s stock valued at $2,319,000 after buying an additional 57,742 shares during the last quarter. Millennium Management LLC purchased a new position in Core Scientific in the fourth quarter valued at $1,335,000. Finally, Teacher Retirement System of Texas purchased a new position in Core Scientific in the first quarter valued at $234,000.

Insiders Place Their Bets

In other Core Scientific news, Director Yadin Rozov bought 110,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average price of $10.87 per share, with a total value of $1,195,700.00. Following the completion of the acquisition, the director directly owned 475,687 shares of the company’s stock, valued at $5,170,717.69. This represents a 30.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd M. Duchene sold 7,759 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $12.39, for a total value of $96,134.01. Following the completion of the transaction, the insider directly owned 2,049,689 shares in the company, valued at $25,395,646.71. This trade represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,759 shares of company stock worth $1,391,434 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

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.