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Rigetti Computing, Inc. (RGTI) Ascends While Market Falls: Some Facts to Note
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Rigetti Computing, Inc. (RGTI - Free Report) closed at $14.50 in the latest trading session, marking a +2.29% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.37%. Elsewhere, the Dow saw a downswing of 0.74%, while the tech-heavy Nasdaq depreciated by 0.03%.
The company's stock has climbed by 8.33% in the past month, exceeding the Computer and Technology sector's gain of 4.58% and the S&P 500's gain of 2.68%.
The upcoming earnings release of Rigetti Computing, Inc. will be of great interest to investors. The company's earnings report is expected on August 12, 2025. On that day, Rigetti Computing, Inc. is projected to report earnings of -$0.06 per share, which would represent year-over-year growth of 14.29%. Alongside, our most recent consensus estimate is anticipating revenue of $1.91 million, indicating a 38.19% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.05 per share and a revenue of $8.78 million, demonstrating changes of +86.11% and -18.63%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Rigetti Computing, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 1.92% rise in the Zacks Consensus EPS estimate. Rigetti Computing, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons of all 250+ industries.
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.
To follow RGTI in the coming trading sessions, be sure to utilize Zacks.com.
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Rigetti Computing, Inc. (RGTI) Ascends While Market Falls: Some Facts to Note
Rigetti Computing, Inc. (RGTI - Free Report) closed at $14.50 in the latest trading session, marking a +2.29% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.37%. Elsewhere, the Dow saw a downswing of 0.74%, while the tech-heavy Nasdaq depreciated by 0.03%.
The company's stock has climbed by 8.33% in the past month, exceeding the Computer and Technology sector's gain of 4.58% and the S&P 500's gain of 2.68%.
The upcoming earnings release of Rigetti Computing, Inc. will be of great interest to investors. The company's earnings report is expected on August 12, 2025. On that day, Rigetti Computing, Inc. is projected to report earnings of -$0.06 per share, which would represent year-over-year growth of 14.29%. Alongside, our most recent consensus estimate is anticipating revenue of $1.91 million, indicating a 38.19% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.05 per share and a revenue of $8.78 million, demonstrating changes of +86.11% and -18.63%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Rigetti Computing, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 1.92% rise in the Zacks Consensus EPS estimate. Rigetti Computing, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons of all 250+ industries.
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.
To follow RGTI in the coming trading sessions, be sure to utilize Zacks.com.