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Rigetti Computing, Inc. (RGTI) Dips More Than Broader Market: What You Should Know
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Rigetti Computing, Inc. (RGTI - Free Report) closed the most recent trading day at $15.74, moving -1.32% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.09%.
Coming into today, shares of the company had gained 1.85% in the past month. In that same time, the Computer and Technology sector gained 3.58%, while the S&P 500 lost 0.24%.
Market participants will be closely following the financial results of Rigetti Computing, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.05, reflecting a 66.67% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $3.89 million, up 99.64% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$0.19 per share and a revenue of $24.55 million, demonstrating changes of +70.31% and +246.36%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Rigetti Computing, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Rigetti Computing, Inc. boasts a Zacks Rank of #5 (Strong Sell).
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 93, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RGTI in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Rigetti Computing, Inc. (RGTI) Dips More Than Broader Market: What You Should Know
Rigetti Computing, Inc. (RGTI - Free Report) closed the most recent trading day at $15.74, moving -1.32% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.09%.
Coming into today, shares of the company had gained 1.85% in the past month. In that same time, the Computer and Technology sector gained 3.58%, while the S&P 500 lost 0.24%.
Market participants will be closely following the financial results of Rigetti Computing, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.05, reflecting a 66.67% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $3.89 million, up 99.64% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$0.19 per share and a revenue of $24.55 million, demonstrating changes of +70.31% and +246.36%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Rigetti Computing, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Rigetti Computing, Inc. boasts a Zacks Rank of #5 (Strong Sell).
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 93, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RGTI in the coming trading sessions, be sure to utilize Zacks.com.