Core Scientific to Announce Q4 Earnings on March 2
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy CORZ?
Source: seekingalpha
- Earnings Announcement: Core Scientific is set to release its Q4 2023 earnings on March 2 after market close, with consensus EPS estimate at -$0.12 and revenue expected at $115.92 million, reflecting a 22.1% year-over-year growth, which will provide crucial insights into the company's financial health.
- Revenue Growth Outlook: The anticipated 22.1% revenue growth indicates Core Scientific's ongoing potential in the data center and AI sectors, which may attract more investor interest regarding its future profitability and market share.
- Data Center Expansion Plans: Core Scientific plans to lease 400 MW of data center capacity to new clients in 2026, a move that not only enhances its competitive position but also promises substantial long-term revenue streams, further solidifying its role in the AI data center market.
- Rating Upgrade Impact: Following the termination of the CoreWeave deal, BTIG upgraded Core Scientific to a “Buy” rating, a positive adjustment that could boost market confidence in the company and drive stock price increases, reflecting analysts' optimism about its future growth prospects.
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Analyst Views on CORZ
Wall Street analysts forecast CORZ stock price to rise
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 16.970
Low
19.94
Averages
27.46
High
40.00
Current: 16.970
Low
19.94
Averages
27.46
High
40.00
About CORZ
Core Scientific, Inc. provides digital infrastructure for high-density colocation services and digital asset mining. The Company operates dedicated, purpose-built facilities for digital asset mining and is a provider of digital infrastructure, software solutions and services to its third-party customers. Its Digital Asset Self-Mining segment consists of digital asset mining for its own account. Its Digital Asset Hosted Mining segment consists of its digital infrastructure and third-party hosting services for digital asset mining. Its Colocation segment consists of providing high-density colocation services to third parties for graphics processing units (GPU)-based high-performance computing (HPC) operations. It employs its own large fleet of computers (miners) to earn digital assets for its own account and to provide hosting services for large digital asset-mining customers, and it is in the process of allocating and converting a significant portion of its 10 facilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Data Center Expansion: Core Scientific plans to lease 400 MW of data center capacity to new clients in 2026, a strategic move aimed at addressing the increasing demand for AI computing and laying the groundwork for future revenue growth.
- Rating Upgrade: Following the termination of the CoreWeave deal, BTIG upgraded Core Scientific to a “Buy” rating, reflecting market confidence in the company’s future potential and likely attracting more investor interest.
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Analysis of CORZ Options Contracts and Investment Opportunities
- Put Option Appeal: The current bid for the $13.00 put option is 60 cents, and if an investor sells this contract, they commit to buying CORZ shares at a cost basis of $12.40, representing a 24% discount to the current price of $17.18, making it attractive for potential buyers.
- Yield Potential Analysis: Should the put contract expire worthless, it would yield a 4.62% return on cash commitment, equating to an annualized yield of 22.78%, highlighting the YieldBoost potential that attracts income-seeking investors.
- Call Option Returns: The $21.00 call option has a current bid of 53 cents, and if an investor buys CORZ shares at $17.18 and sells this call, they could achieve a total return of 25.32% if the stock is called away at expiration, showcasing the strategy's appeal.
- Risk-Reward Tradeoff: Given that the $21.00 strike represents a 22% premium to the current stock price, with a 59% chance of the call expiring worthless, investors would retain both their shares and the premium collected, enhancing the attractiveness of this investment strategy.
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Market Performance: Circle shares surged to a three-month high, while Core Scientific and Riot Platforms reported disappointing fourth-quarter results, falling short of Wall Street expectations.
Cryptocurrency Trends: Bitcoin prices climbed amid U.S.-Iran tensions, reaching around $70,000, with digital asset treasury firms announcing significant crypto purchases.
Retail Sentiment: Retail sentiment around Circle and Core Scientific stocks showed bullish trends, with increased chatter and improved sentiment levels, despite some caution regarding future price movements.
Earnings Reports: Core Scientific and Riot Platforms both reported losses that exceeded analyst expectations, leading to fluctuations in their stock prices and overall market sentiment in the cryptocurrency sector.
See More
Core Scientific (CORZ) Q4 2025 Earnings Transcript
See More
Core Scientific Q4 Earnings Beat Expectations Despite Revenue Decline
- Earnings Beat: Core Scientific reported a Q4 GAAP EPS of $0.42, exceeding expectations by $0.58, indicating strong profitability despite challenges in revenue generation.
- Revenue Decline: The company’s revenue of $79.8 million represents a 15.9% year-over-year decline, missing market expectations by $36.12 million, highlighting difficulties in maintaining growth in a competitive landscape.
- Data Center Expansion: Core Scientific plans to lease 400 MW of data center capacity to new clients in 2026, a strategic move aimed at addressing the increasing demand for AI computing and laying the groundwork for future revenue growth.
- Rating Upgrade: Following the termination of the CoreWeave deal, BTIG upgraded Core Scientific to a “Buy” rating, reflecting market confidence in the company’s future potential and likely attracting more investor interest.
See More
Software Stocks Diverge: Some Companies Defy Downtrend
- Diverging Software Performance: Major software companies like Salesforce, Intuit, and Adobe have seen stock prices drop over 50% from their all-time highs, reflecting the severe impact of AI disruption and diminishing investor confidence in the software sector.
- Strong Momentum Stocks: Despite the overall market downturn, companies like Teradata, Arteris, and Clear Secure have scored above 80 on Benzinga Edge's Momentum Score, indicating strong market momentum that could lead to greater gains if the sector rebounds.
- Arteris Price Breakout: The earnings report for Arteris caused its stock to break above the 50-day SMA for the first time since mid-January, accompanied by a bullish MACD crossover, suggesting a relatively strong performance in the software industry with potential for further upside.
- Mitek Systems Recovery: Mitek's positive earnings report has pushed its stock back above the 50-day SMA, with a year-to-date increase of over 35%, and if the fundamental and technical trends hold, MITK shares could see additional gains ahead.
See More
Major Retailers Continue Earnings Season This Week
- AST SpaceMobile Earnings Outlook: AST SpaceMobile, Inc. (NASDAQ:ASTS) is set to report its Q4 results after Monday's close, with Wall Street anticipating a loss of 16 cents per share on revenue of $41.11 million, indicating competitive pressures in the market.
- CrowdStrike Growth Target: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) will release its earnings after Tuesday's close, with investors keen to see if it can achieve at least 50% year-over-year growth in net new ARR, confirming its 20% growth trajectory and justifying its premium valuation.
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- JD.com Earnings Preview: JD.com, Inc. (NASDAQ:JD) is expected to release its results before Thursday's open, with Wall Street predicting a loss of 3 cents per share and revenue of $50.22 billion, reflecting the challenges and opportunities in the Chinese e-commerce market.
See More
Analysis of CORZ Options Contracts and Investment Opportunities
- Put Option Appeal: The current bid for the $13.00 put option is 60 cents, and if an investor sells this contract, they commit to buying CORZ shares at a cost basis of $12.40, representing a 24% discount to the current price of $17.18, making it attractive for potential buyers.
- Yield Potential Analysis: Should the put contract expire worthless, it would yield a 4.62% return on cash commitment, equating to an annualized yield of 22.78%, highlighting the YieldBoost potential that attracts income-seeking investors.
- Call Option Returns: The $21.00 call option has a current bid of 53 cents, and if an investor buys CORZ shares at $17.18 and sells this call, they could achieve a total return of 25.32% if the stock is called away at expiration, showcasing the strategy's appeal.
- Risk-Reward Tradeoff: Given that the $21.00 strike represents a 22% premium to the current stock price, with a 59% chance of the call expiring worthless, investors would retain both their shares and the premium collected, enhancing the attractiveness of this investment strategy.
See More
