We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
IonQ, Inc. (IONQ) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Read MoreHide Full Article
IonQ, Inc. (IONQ - Free Report) closed at $33.03 in the latest trading session, marking a -3.62% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 1.52% for the day. Meanwhile, the Dow experienced a drop of 1.56%, and the technology-dominated Nasdaq saw a decrease of 1.78%.
The company's stock has climbed by 1.96% in the past month, exceeding the Computer and Technology sector's loss of 1.66% and the S&P 500's loss of 2.25%.
Investors will be eagerly watching for the performance of IonQ, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.47, reflecting a 235.71% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $49.66 million, up 555.97% from the year-ago period.
IONQ's full-year Zacks Consensus Estimates are calling for earnings of -$1.57 per share and revenue of $237.08 million. These results would represent year-over-year changes of +13.74% and +82.34%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for IonQ, Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 9.63% upward. As of now, IonQ, Inc. holds a Zacks Rank of #3 (Hold).
The Computer - Integrated Systems industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 32, this industry ranks in the top 14% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
IonQ, Inc. (IONQ) Sees a More Significant Dip Than Broader Market: Some Facts to Know
IonQ, Inc. (IONQ - Free Report) closed at $33.03 in the latest trading session, marking a -3.62% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 1.52% for the day. Meanwhile, the Dow experienced a drop of 1.56%, and the technology-dominated Nasdaq saw a decrease of 1.78%.
The company's stock has climbed by 1.96% in the past month, exceeding the Computer and Technology sector's loss of 1.66% and the S&P 500's loss of 2.25%.
Investors will be eagerly watching for the performance of IonQ, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.47, reflecting a 235.71% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $49.66 million, up 555.97% from the year-ago period.
IONQ's full-year Zacks Consensus Estimates are calling for earnings of -$1.57 per share and revenue of $237.08 million. These results would represent year-over-year changes of +13.74% and +82.34%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for IonQ, Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 9.63% upward. As of now, IonQ, Inc. holds a Zacks Rank of #3 (Hold).
The Computer - Integrated Systems industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 32, this industry ranks in the top 14% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.