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IonQ, Inc. (IONQ) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest trading session, IonQ, Inc. (IONQ - Free Report) closed at $53.60, marking a -7.35% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.1%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.43%.
Coming into today, shares of the company had lost 9.07% in the past month. In that same time, the Computer and Technology sector lost 2.15%, while the S&P 500 lost 1.34%.
The investment community will be closely monitoring the performance of IonQ, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of -$0.29, indicating a 58.57% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $66.36 million, up 220.73% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.04 per share and revenue of $267.45 million, which would represent changes of +42.86% and +105.71%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for IonQ, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, IonQ, Inc. is carrying a Zacks Rank of #4 (Sell).
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 5, which puts it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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IonQ, Inc. (IONQ) Suffers a Larger Drop Than the General Market: Key Insights
In the latest trading session, IonQ, Inc. (IONQ - Free Report) closed at $53.60, marking a -7.35% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.1%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.43%.
Coming into today, shares of the company had lost 9.07% in the past month. In that same time, the Computer and Technology sector lost 2.15%, while the S&P 500 lost 1.34%.
The investment community will be closely monitoring the performance of IonQ, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of -$0.29, indicating a 58.57% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $66.36 million, up 220.73% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.04 per share and revenue of $267.45 million, which would represent changes of +42.86% and +105.71%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for IonQ, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, IonQ, Inc. is carrying a Zacks Rank of #4 (Sell).
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 5, which puts it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.