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.
Why IonQ, Inc. (IONQ) Outpaced the Stock Market Today
Read MoreHide Full Article
In the latest close session, IonQ, Inc. (IONQ - Free Report) was up +2.4% at $57.99. This change outpaced the S&P 500's 1.75% gain on the day. Meanwhile, the Dow gained 1.86%, and the Nasdaq, a tech-heavy index, added 2.54%.
The company's stock has climbed by 2.48% in the past month, exceeding the Computer and Technology sector's loss of 3.11% and the S&P 500's loss of 1.63%.
The upcoming earnings release of IonQ, Inc. will be of great interest to investors. In that report, analysts expect IonQ, Inc. to post earnings of -$0.29 per share. This would mark year-over-year growth of 58.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $66.36 million, up 220.73% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.04 per share and a revenue of $262.6 million, signifying shifts of +42.86% and +101.98%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for IonQ, 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.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 remained unchanged. At present, IonQ, Inc. boasts a Zacks Rank of #4 (Sell).
The Computer - Integrated Systems industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 19, this industry ranks in the top 8% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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
Why IonQ, Inc. (IONQ) Outpaced the Stock Market Today
In the latest close session, IonQ, Inc. (IONQ - Free Report) was up +2.4% at $57.99. This change outpaced the S&P 500's 1.75% gain on the day. Meanwhile, the Dow gained 1.86%, and the Nasdaq, a tech-heavy index, added 2.54%.
The company's stock has climbed by 2.48% in the past month, exceeding the Computer and Technology sector's loss of 3.11% and the S&P 500's loss of 1.63%.
The upcoming earnings release of IonQ, Inc. will be of great interest to investors. In that report, analysts expect IonQ, Inc. to post earnings of -$0.29 per share. This would mark year-over-year growth of 58.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $66.36 million, up 220.73% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.04 per share and a revenue of $262.6 million, signifying shifts of +42.86% and +101.98%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for IonQ, 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.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 remained unchanged. At present, IonQ, Inc. boasts a Zacks Rank of #4 (Sell).
The Computer - Integrated Systems industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 19, this industry ranks in the top 8% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.