Citizens has upgraded Core Scientific Inc (CORZ) to Market Outperform from Market Perform, signaling a more optimistic view on the company's future. This upgrade, effective December 17, 2025, comes as Core Scientific operates a purpose-built facility for digital asset mining and offers blockchain infrastructure and software solutions. The company, headquartered in Dover, Delaware, currently has a market cap of $5.4 billion and employs 325 full-time staff.
As of December 11, 2025, Core Scientific reported an earnings per share (EPS) of -2.81. The upcoming earnings report on August 6, 2026, is anticipated to show an EPS of $0.01 with revenues estimated at $193.7 million. Recent earnings performance has been volatile, with the most recent quarter (Q3 2025) showing an EPS of -0.46, significantly below the estimate of -0.06, marking a 671.8% surprise.
The upgrade reflects improved analyst sentiment, which may be driven by stronger fundamentals or enhanced confidence in the company's strategic direction. Analyst ratings are often based on research and financial models, providing valuable insights but should not be the sole basis for investment decisions. Currently, the consensus among analysts is a Buy, with 6 Strong Buy, 13 Buy, and 6 Hold ratings.
Such decisions reflect the dynamic nature of the market, where analyst opinions can shift as new information becomes available. Investors should consider a range of factors, including company fundamentals and industry trends, when evaluating investment opportunities.