IonQ, Inc. (IONQ) ended the recent trading session at $43.00, demonstrating a -1.77% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.66%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 1.05%.
Coming into today, shares of the company had gained 10.75% in the past month. In that same time, the Computer and Technology sector gained 6.36%, while the S&P 500 gained 0.55%.
Investors will be eagerly watching for the performance of IonQ, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.23, showcasing a 93.58% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $145.29 million, indicating a 264.42% upward movement from the same quarter last year.
IONQ's full-year Zacks Consensus Estimates are calling for earnings of -$1.09 per share and revenue of $455.01 million. These results would represent year-over-year changes of +40.11% and +249.97%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for IonQ, 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 26.22% higher. IonQ, Inc. currently has a Zacks Rank of #4 (Sell).
The Computer - Integrated Systems industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 109, positioning it in the top 45% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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