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IonQ, Inc. (IONQ) Dips More Than Broader Market: What You Should Know
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In the latest close session, IonQ, Inc. (IONQ - Free Report) was down 2.44% at $54.69. The stock trailed the S&P 500, which registered a daily loss of 1.22%. At the same time, the Dow lost 0.98%, and the tech-heavy Nasdaq lost 1.35%.
Heading into today, shares of the company had gained 15.73% over the past month, outpacing the Computer and Technology sector's gain of 1.19% and the S&P 500's gain of 1.56%.
The investment community will be paying close attention to the earnings performance of IonQ, Inc. in its upcoming release. On that day, IonQ, Inc. is projected to report earnings of -$0.29 per share, which would represent year-over-year growth of 58.57%. In the meantime, our current consensus estimate forecasts the revenue to be $66.36 million, indicating a 220.73% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.04 per share and a revenue of $262.6 million, indicating changes of +42.86% and +101.98%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for IonQ, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has shifted 13.32% downward. Right now, IonQ, Inc. possesses 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 16, this industry ranks in the top 7% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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IonQ, Inc. (IONQ) Dips More Than Broader Market: What You Should Know
In the latest close session, IonQ, Inc. (IONQ - Free Report) was down 2.44% at $54.69. The stock trailed the S&P 500, which registered a daily loss of 1.22%. At the same time, the Dow lost 0.98%, and the tech-heavy Nasdaq lost 1.35%.
Heading into today, shares of the company had gained 15.73% over the past month, outpacing the Computer and Technology sector's gain of 1.19% and the S&P 500's gain of 1.56%.
The investment community will be paying close attention to the earnings performance of IonQ, Inc. in its upcoming release. On that day, IonQ, Inc. is projected to report earnings of -$0.29 per share, which would represent year-over-year growth of 58.57%. In the meantime, our current consensus estimate forecasts the revenue to be $66.36 million, indicating a 220.73% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.04 per share and a revenue of $262.6 million, indicating changes of +42.86% and +101.98%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for IonQ, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has shifted 13.32% downward. Right now, IonQ, Inc. possesses 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 16, this industry ranks in the top 7% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.