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IonQ, Inc. (IONQ) Suffers a Larger Drop Than the General Market: Key Insights
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IonQ, Inc. (IONQ - Free Report) closed at $36.84 in the latest trading session, marking a -3.41% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.59%. Elsewhere, the Dow saw a downswing of 0.6%, while the tech-heavy Nasdaq depreciated by 0.65%.
The company's shares have seen a decrease of 15.62% over the last month, not keeping up with the Computer and Technology sector's loss of 0.02% and the S&P 500's loss of 1.37%.
Investors will be eagerly watching for the performance of IonQ, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.26, reflecting a 92.74% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $72.2 million, indicating a 81.08% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.19 per share and a revenue of $285.24 million, representing changes of +34.62% and +119.39%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for IonQ, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. 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 29, this industry ranks in the top 12% 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.
To follow IONQ in the coming trading sessions, be sure to utilize 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
IonQ, Inc. (IONQ - Free Report) closed at $36.84 in the latest trading session, marking a -3.41% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.59%. Elsewhere, the Dow saw a downswing of 0.6%, while the tech-heavy Nasdaq depreciated by 0.65%.
The company's shares have seen a decrease of 15.62% over the last month, not keeping up with the Computer and Technology sector's loss of 0.02% and the S&P 500's loss of 1.37%.
Investors will be eagerly watching for the performance of IonQ, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.26, reflecting a 92.74% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $72.2 million, indicating a 81.08% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.19 per share and a revenue of $285.24 million, representing changes of +34.62% and +119.39%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for IonQ, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. 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 29, this industry ranks in the top 12% 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.
To follow IONQ in the coming trading sessions, be sure to utilize Zacks.com.