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IonQ, Inc. (IONQ) Stock Declines While Market Improves: Some Information for Investors
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IonQ, Inc. (IONQ - Free Report) ended the recent trading session at $39.13, demonstrating a -3% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.17%. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 0.4%.
The company's shares have seen a decrease of 2.87% over the last month, not keeping up with the Computer and Technology sector's gain of 0.37% and the S&P 500's loss of 1.29%.
Market participants will be closely following the financial results of IonQ, Inc. in its upcoming release. The company is predicted to post an EPS of -$0.22, indicating a 93.85% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $148.39 million, up 272.18% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.06 per share and a revenue of $455.02 million, signifying shifts of +41.76% and +249.97%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for IonQ, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 26.22% increase. IonQ, Inc. is holding a Zacks Rank of #4 (Sell) right now.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 28, placing it within the top 12% of over 250 industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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IonQ, Inc. (IONQ) Stock Declines While Market Improves: Some Information for Investors
IonQ, Inc. (IONQ - Free Report) ended the recent trading session at $39.13, demonstrating a -3% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.17%. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 0.4%.
The company's shares have seen a decrease of 2.87% over the last month, not keeping up with the Computer and Technology sector's gain of 0.37% and the S&P 500's loss of 1.29%.
Market participants will be closely following the financial results of IonQ, Inc. in its upcoming release. The company is predicted to post an EPS of -$0.22, indicating a 93.85% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $148.39 million, up 272.18% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.06 per share and a revenue of $455.02 million, signifying shifts of +41.76% and +249.97%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for IonQ, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 26.22% increase. IonQ, Inc. is holding a Zacks Rank of #4 (Sell) right now.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 28, placing it within the top 12% of over 250 industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.