Core Scientific (NASDAQ:CORZ – Get Free Report) is one of 109 public companies in the “Nondepository credit institutions” industry, but how does it weigh in compared to its rivals? We will compare Core Scientific to similar companies based on the strength of its earnings, analyst recommendations, valuation, risk, institutional ownership, profitability and dividends.
Earnings & Valuation
This table compares Core Scientific and its rivals top-line revenue, earnings per share and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Core Scientific | $557.68 million | N/A | -2.67 |
Core Scientific Competitors | $3.17 billion | $383.51 million | 12.94 |
Core Scientific’s rivals have higher revenue and earnings than Core Scientific. Core Scientific is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
Analyst Recommendations
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Core Scientific | 0 | 0 | 13 | 1 | 3.07 |
Core Scientific Competitors | 483 | 1828 | 2899 | 107 | 2.49 |
Core Scientific presently has a consensus target price of $18.46, suggesting a potential upside of 27.76%. As a group, “Nondepository credit institutions” companies have a potential upside of 5.00%. Given Core Scientific’s stronger consensus rating and higher possible upside, research analysts plainly believe Core Scientific is more favorable than its rivals.
Institutional & Insider Ownership
33.9% of shares of all “Nondepository credit institutions” companies are held by institutional investors. 32.0% of Core Scientific shares are held by insiders. Comparatively, 22.5% of shares of all “Nondepository credit institutions” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Profitability
This table compares Core Scientific and its rivals’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Core Scientific | N/A | N/A | N/A |
Core Scientific Competitors | -90.84% | -83.36% | -4.21% |
Summary
Core Scientific beats its rivals on 8 of the 11 factors compared.
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. In addition, the company provides electrical power, repair, and other infrastructure services to operate, maintain, and earn digital assets; and sells mining equipment to customers. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.
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