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Rigetti Computing, Inc. (RGTI) Registers a Bigger Fall Than the Market: Important Facts to Note
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Rigetti Computing, Inc. (RGTI - Free Report) ended the recent trading session at $14.61, demonstrating a -3.72% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.22%. Elsewhere, the Dow lost 0.66%, while the tech-heavy Nasdaq lost 0.22%.
Shares of the company witnessed a loss of 4.05% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.54%, and the S&P 500's gain of 1.4%.
The upcoming earnings release of Rigetti Computing, Inc. will be of great interest to investors. The company is forecasted to report an EPS of -$0.05, showcasing a 66.67% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $3.89 million, indicating a 99.64% upward movement from the same quarter last year.
RGTI's full-year Zacks Consensus Estimates are calling for earnings of -$0.19 per share and revenue of $24.55 million. These results would represent year-over-year changes of +70.31% and +246.36%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Rigetti Computing, Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Rigetti Computing, Inc. boasts a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons of all 250+ industries.
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.
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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Rigetti Computing, Inc. (RGTI) Registers a Bigger Fall Than the Market: Important Facts to Note
Rigetti Computing, Inc. (RGTI - Free Report) ended the recent trading session at $14.61, demonstrating a -3.72% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.22%. Elsewhere, the Dow lost 0.66%, while the tech-heavy Nasdaq lost 0.22%.
Shares of the company witnessed a loss of 4.05% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.54%, and the S&P 500's gain of 1.4%.
The upcoming earnings release of Rigetti Computing, Inc. will be of great interest to investors. The company is forecasted to report an EPS of -$0.05, showcasing a 66.67% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $3.89 million, indicating a 99.64% upward movement from the same quarter last year.
RGTI's full-year Zacks Consensus Estimates are calling for earnings of -$0.19 per share and revenue of $24.55 million. These results would represent year-over-year changes of +70.31% and +246.36%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Rigetti Computing, Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Rigetti Computing, Inc. boasts a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons of all 250+ industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.