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IonQ, Inc. (IONQ) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, IonQ, Inc. (IONQ - Free Report) closed at $45.48, marking a +1.11% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.51% for the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
Prior to today's trading, shares of the company had gained 5.93% lagged the Computer and Technology sector's gain of 6.54% and outpaced the S&P 500's gain of 0.74%.
Market participants will be closely following the financial results of IonQ, Inc. in its upcoming release. The company is forecasted to report an EPS of -$0.22, showcasing a 93.85% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $145.29 million, indicating a 264.42% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$1.06 per share and a revenue of $455.01 million, demonstrating changes of +41.76% and +249.97%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for IonQ, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 past month, the Zacks Consensus EPS estimate has shifted 26.22% upward. IonQ, Inc. presently features 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 53, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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IonQ, Inc. (IONQ) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, IonQ, Inc. (IONQ - Free Report) closed at $45.48, marking a +1.11% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.51% for the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
Prior to today's trading, shares of the company had gained 5.93% lagged the Computer and Technology sector's gain of 6.54% and outpaced the S&P 500's gain of 0.74%.
Market participants will be closely following the financial results of IonQ, Inc. in its upcoming release. The company is forecasted to report an EPS of -$0.22, showcasing a 93.85% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $145.29 million, indicating a 264.42% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$1.06 per share and a revenue of $455.01 million, demonstrating changes of +41.76% and +249.97%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for IonQ, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 past month, the Zacks Consensus EPS estimate has shifted 26.22% upward. IonQ, Inc. presently features 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 53, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.