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Here's Why IonQ, Inc. (IONQ) Fell More Than Broader Market
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IonQ, Inc. (IONQ - Free Report) closed the most recent trading day at $36.27, moving -9.07% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq lost 0.44%.
The stock of company has risen by 8.54% in the past month, leading the Computer and Technology sector's gain of 4.85% and the S&P 500's gain of 2.36%.
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 -$0.23, indicating a 93.58% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $145.29 million, up 264.42% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.09 per share and a revenue of $455.01 million, indicating changes of +40.11% and +249.97%, respectively, from the former year.
Any recent changes to analyst estimates for IonQ, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, there's been no change in the Zacks Consensus EPS estimate. IonQ, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 43, this industry ranks in the top 18% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Here's Why IonQ, Inc. (IONQ) Fell More Than Broader Market
IonQ, Inc. (IONQ - Free Report) closed the most recent trading day at $36.27, moving -9.07% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq lost 0.44%.
The stock of company has risen by 8.54% in the past month, leading the Computer and Technology sector's gain of 4.85% and the S&P 500's gain of 2.36%.
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 -$0.23, indicating a 93.58% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $145.29 million, up 264.42% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.09 per share and a revenue of $455.01 million, indicating changes of +40.11% and +249.97%, respectively, from the former year.
Any recent changes to analyst estimates for IonQ, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, there's been no change in the Zacks Consensus EPS estimate. IonQ, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 43, this industry ranks in the top 18% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.