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Rigetti Computing, Inc. (RGTI) Stock Sinks As Market Gains: What You Should Know
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Rigetti Computing, Inc. (RGTI - Free Report) closed at $16.08 in the latest trading session, marking a -6.29% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.14%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.38%.
The stock of company has risen by 55.15% in the past month, leading the Computer and Technology sector's gain of 7.37% and the S&P 500's gain of 5.35%.
The investment community will be closely monitoring the performance of Rigetti Computing, Inc. in its forthcoming earnings report. In that report, analysts expect Rigetti Computing, Inc. to post earnings of -$0.06 per share. This would mark year-over-year growth of 14.29%. In the meantime, our current consensus estimate forecasts the revenue to be $1.91 million, indicating a 38.19% decline compared to the corresponding quarter of the prior year.
RGTI's full-year Zacks Consensus Estimates are calling for earnings of -$0.05 per share and revenue of $8.78 million. These results would represent year-over-year changes of +86.11% and -18.63%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Rigetti Computing, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 1.92% rise in the Zacks Consensus EPS estimate. Rigetti Computing, Inc. currently has a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Rigetti Computing, Inc. (RGTI) Stock Sinks As Market Gains: What You Should Know
Rigetti Computing, Inc. (RGTI - Free Report) closed at $16.08 in the latest trading session, marking a -6.29% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.14%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.38%.
The stock of company has risen by 55.15% in the past month, leading the Computer and Technology sector's gain of 7.37% and the S&P 500's gain of 5.35%.
The investment community will be closely monitoring the performance of Rigetti Computing, Inc. in its forthcoming earnings report. In that report, analysts expect Rigetti Computing, Inc. to post earnings of -$0.06 per share. This would mark year-over-year growth of 14.29%. In the meantime, our current consensus estimate forecasts the revenue to be $1.91 million, indicating a 38.19% decline compared to the corresponding quarter of the prior year.
RGTI's full-year Zacks Consensus Estimates are calling for earnings of -$0.05 per share and revenue of $8.78 million. These results would represent year-over-year changes of +86.11% and -18.63%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Rigetti Computing, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 1.92% rise in the Zacks Consensus EPS estimate. Rigetti Computing, Inc. currently has a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.