Contrasting Core Scientific (CORZ) and Its Peers

Core Scientific (NASDAQ:CORZ) is one of 271 publicly-traded companies in the “IT Services” industry, but how does it contrast to its competitors? We will compare Core Scientific to related businesses based on the strength of its profitability, analyst recommendations, earnings, risk, dividends, institutional ownership and valuation.

Risk & Volatility

Core Scientific has a beta of 5.49, suggesting that its share price is 449% more volatile than the S&P 500. Comparatively, Core Scientific’s competitors have a beta of 2.15, suggesting that their average share price is 115% more volatile than the S&P 500.

Profitability

This table compares Core Scientific and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Core Scientific	-325.50%	N/A	-9.64%
Core Scientific Competitors	-191.25%	-32.07%	-8.67%

Insider and Institutional Ownership

36.7% of shares of all “IT Services” companies are owned by institutional investors. 1.7% of Core Scientific shares are owned by insiders. Comparatively, 20.5% of shares of all “IT Services” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Earnings and Valuation

This table compares Core Scientific and its competitors revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Core Scientific	$440.31 million	-$288.62 million	-2.83
Core Scientific Competitors	$3.34 billion	$227.67 million	-28.18

Core Scientific’s competitors have higher revenue and earnings than Core Scientific. Core Scientific is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a summary of recent recommendations for Core Scientific and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Core Scientific	1	2	16	2	2.90
Core Scientific Competitors	1984	5630	9415	342	2.47

Core Scientific presently has a consensus price target of $31.28, suggesting a potential upside of 150.04%. As a group, “IT Services” companies have a potential upside of 24.12%. Given Core Scientific’s stronger consensus rating and higher probable upside, equities research analysts clearly believe Core Scientific is more favorable than its competitors.

Summary

Core Scientific beats its competitors on 7 of the 13 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.