Core Scientific (CORZ) to Release Earnings on Wednesday

Core Scientific (NASDAQ:CORZ - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Core Scientific (NASDAQ:CORZ - Get Free Report) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.17). The firm had revenue of $141.93 million during the quarter, compared to the consensus estimate of $133.10 million.

Core Scientific Trading Up 4.7 %

CORZ stock traded up $0.15 during trading hours on Friday, hitting $3.35. 1,739,398 shares of the stock traded hands, compared to its average volume of 2,345,250. The stock has a 50-day simple moving average of $3.37 and a 200 day simple moving average of $2.17. Core Scientific has a one year low of $2.61 and a one year high of $6.10.

Analyst Ratings Changes

Several research analysts have issued reports on CORZ shares. HC Wainwright restated a "buy" rating and issued a $5.00 price target on shares of Core Scientific in a research report on Wednesday, March 13th. Compass Point raised Core Scientific from a "neutral" rating to a "buy" rating and upped their target price for the company from $1.00 to $8.50 in a report on Wednesday, January 31st.

Insider Transactions at Core Scientific

In other news, CEO Adam Taylor Sullivan purchased 65,300 shares of Core Scientific stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average price of $3.06 per share, for a total transaction of $199,818.00. Following the transaction, the chief executive officer now owns 93,753 shares in the company, valued at $286,884.18. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Core Scientific news, Director Eric Stanton Weiss bought 15,000 shares of the stock in a transaction on Friday, March 15th. The shares were bought at an average price of $3.03 per share, with a total value of $45,450.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $45,450. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adam Taylor Sullivan bought 65,300 shares of the company's stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $3.06 per share, for a total transaction of $199,818.00. Following the acquisition, the chief executive officer now directly owns 93,753 shares in the company, valued at $286,884.18. The disclosure for this purchase can be found here. 32.00% of the stock is currently owned by insiders.

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.