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 Rigetti Computing, Inc. (RGTI) Dipped More Than Broader Market Today
Read MoreHide Full Article
Rigetti Computing, Inc. (RGTI - Free Report) ended the recent trading session at $18.41, demonstrating a -5.73% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.01%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
The company's shares have seen a decrease of 20.67% over the last month, not keeping up with the Computer and Technology sector's loss of 2.57% and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of Rigetti Computing, Inc. in its upcoming release. In that report, analysts expect Rigetti Computing, Inc. to post earnings of -$0.03 per share. This would mark year-over-year growth of 40%. At the same time, our most recent consensus estimate is projecting a revenue of $4.91 million, reflecting a 173% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.18 per share and revenue of $25.32 million. These totals would mark changes of +71.88% and +257.28%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Rigetti Computing, 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 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Rigetti Computing, Inc. is holding a Zacks Rank of #4 (Sell) right now.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Why Rigetti Computing, Inc. (RGTI) Dipped More Than Broader Market Today
Rigetti Computing, Inc. (RGTI - Free Report) ended the recent trading session at $18.41, demonstrating a -5.73% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.01%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
The company's shares have seen a decrease of 20.67% over the last month, not keeping up with the Computer and Technology sector's loss of 2.57% and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of Rigetti Computing, Inc. in its upcoming release. In that report, analysts expect Rigetti Computing, Inc. to post earnings of -$0.03 per share. This would mark year-over-year growth of 40%. At the same time, our most recent consensus estimate is projecting a revenue of $4.91 million, reflecting a 173% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.18 per share and revenue of $25.32 million. These totals would mark changes of +71.88% and +257.28%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Rigetti Computing, 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 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Rigetti Computing, Inc. is holding a Zacks Rank of #4 (Sell) right now.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.