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Rigetti Computing, Inc. (RGTI) Stock Dips While Market Gains: Key Facts
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In the latest close session, Rigetti Computing, Inc. (RGTI - Free Report) was down 1.51% at $16.61. The stock's change was less than the S&P 500's daily gain of 0.8%. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, added 1.63%.
Prior to today's trading, shares of the company had gained 17% outpaced the Computer and Technology sector's gain of 12.05% and the S&P 500's gain of 8.11%.
The upcoming earnings release of Rigetti Computing, Inc. will be of great interest to investors. The company is expected to report EPS of -$0.05, up 37.5% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.25 million, showing a 120.75% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.16 per share and a revenue of $24.66 million, representing changes of +75% and +247.87%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Rigetti Computing, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.71% increase. As of now, Rigetti Computing, Inc. holds a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 88, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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 Dips While Market Gains: Key Facts
In the latest close session, Rigetti Computing, Inc. (RGTI - Free Report) was down 1.51% at $16.61. The stock's change was less than the S&P 500's daily gain of 0.8%. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, added 1.63%.
Prior to today's trading, shares of the company had gained 17% outpaced the Computer and Technology sector's gain of 12.05% and the S&P 500's gain of 8.11%.
The upcoming earnings release of Rigetti Computing, Inc. will be of great interest to investors. The company is expected to report EPS of -$0.05, up 37.5% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.25 million, showing a 120.75% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.16 per share and a revenue of $24.66 million, representing changes of +75% and +247.87%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Rigetti Computing, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.71% increase. As of now, Rigetti Computing, Inc. holds a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 88, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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.