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Rigetti Computing, Inc. (RGTI) Ascends But Remains Behind Market: Some Facts to Note
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Rigetti Computing, Inc. (RGTI - Free Report) ended the recent trading session at $11.21, demonstrating a +1.13% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.58%. At the same time, the Dow added 3.03%, and the tech-heavy Nasdaq gained 1.44%.
Prior to today's trading, shares of the company had lost 26.93% lagged the Computer and Technology sector's loss of 12.04% and the S&P 500's loss of 1.97%.
Investors will be eagerly watching for the performance of Rigetti Computing, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 10, 2026. On that day, Rigetti Computing, Inc. is projected to report earnings of -$0.05 per share, which would represent a year-over-year decline of 66.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.92 million, up 101.13% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.19 per share and a revenue of $24.56 million, representing changes of +70.31% and +246.45%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Rigetti Computing, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Rigetti Computing, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 94, putting it in the top 39% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Rigetti Computing, Inc. (RGTI) Ascends But Remains Behind Market: Some Facts to Note
Rigetti Computing, Inc. (RGTI - Free Report) ended the recent trading session at $11.21, demonstrating a +1.13% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.58%. At the same time, the Dow added 3.03%, and the tech-heavy Nasdaq gained 1.44%.
Prior to today's trading, shares of the company had lost 26.93% lagged the Computer and Technology sector's loss of 12.04% and the S&P 500's loss of 1.97%.
Investors will be eagerly watching for the performance of Rigetti Computing, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 10, 2026. On that day, Rigetti Computing, Inc. is projected to report earnings of -$0.05 per share, which would represent a year-over-year decline of 66.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.92 million, up 101.13% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.19 per share and a revenue of $24.56 million, representing changes of +70.31% and +246.45%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Rigetti Computing, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Rigetti Computing, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 94, putting it in the top 39% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.