IonQ, Inc. (IONQ) ended the recent trading session at $31.26, demonstrating a +1.56% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 1.02%, while the tech-heavy Nasdaq depreciated by 0.02%.
Heading into today, shares of the company had lost 24.02% over the past month, lagging the Computer and Technology sector's loss of 2.28% and the S&P 500's gain of 0.67%.
The upcoming earnings release of IonQ, Inc. will be of great interest to investors. The company is predicted to post an EPS of -$0.3, indicating a 91.62% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $145.29 million, up 264.41% from the year-ago period.
IONQ's full-year Zacks Consensus Estimates are calling for earnings of -$1.26 per share and revenue of $455.01 million. These results would represent year-over-year changes of +30.77% and +249.97%, respectively.
Investors might also notice recent changes to analyst estimates for IonQ, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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. The Zacks Consensus EPS estimate has moved 40.28% lower within the past month. IonQ, Inc. is currently a Zacks Rank #4 (Sell).
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 56, finds itself in the top 23% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).