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.
Here's Why Rigetti Computing, Inc. (RGTI) Fell More Than Broader Market
Read MoreHide Full Article
Rigetti Computing, Inc. (RGTI - Free Report) ended the recent trading session at $14.85, demonstrating a -2.5% change from the preceding day's closing price. This change lagged the S&P 500's 1.21% loss on the day. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
Coming into today, shares of the company had lost 22.02% in the past month. In that same time, the Computer and Technology sector lost 4.58%, while the S&P 500 gained 0.42%.
The investment community will be closely monitoring the performance of Rigetti Computing, Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be -$0.03, reflecting a 40% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $4.91 million, showing a 173% escalation compared to the year-ago quarter.
RGTI's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $25.32 million. These results would represent year-over-year changes of +71.88% and +257.28%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Rigetti Computing, Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Rigetti Computing, Inc. is carrying a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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
Image: Bigstock
Here's Why Rigetti Computing, Inc. (RGTI) Fell More Than Broader Market
Rigetti Computing, Inc. (RGTI - Free Report) ended the recent trading session at $14.85, demonstrating a -2.5% change from the preceding day's closing price. This change lagged the S&P 500's 1.21% loss on the day. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
Coming into today, shares of the company had lost 22.02% in the past month. In that same time, the Computer and Technology sector lost 4.58%, while the S&P 500 gained 0.42%.
The investment community will be closely monitoring the performance of Rigetti Computing, Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be -$0.03, reflecting a 40% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $4.91 million, showing a 173% escalation compared to the year-ago quarter.
RGTI's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $25.32 million. These results would represent year-over-year changes of +71.88% and +257.28%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Rigetti Computing, Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Rigetti Computing, Inc. is carrying a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.