In the latest trading session, IonQ, Inc. (IONQ) closed at $35.10, marking a -6.42% move from the previous day. This change lagged the S&P 500's 0.51% loss on the day. Elsewhere, the Dow saw a downswing of 0.2%, while the tech-heavy Nasdaq depreciated by 1.47%.
The company's shares have seen a decrease of 31.41% over the last month, not keeping up with the Computer and Technology sector's loss of 2.99% and the S&P 500's gain of 0.53%.
The investment community will be closely monitoring the performance of IonQ, Inc. in its forthcoming earnings report. On that day, IonQ, Inc. is projected to report earnings of -$0.29 per share, which would represent year-over-year growth of 58.57%. Meanwhile, our latest consensus estimate is calling for revenue of $66.36 million, up 220.73% from the prior-year quarter.
IONQ's full-year Zacks Consensus Estimates are calling for earnings of -$1.07 per share and revenue of $267.45 million. These results would represent year-over-year changes of +41.21% and +105.71%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for IonQ, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 past month, the Zacks Consensus EPS estimate remained stagnant. Right now, IonQ, Inc. possesses a Zacks Rank of #3 (Hold).
The Computer - Integrated Systems industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 5, positioning it in the top 3% 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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IonQ, Inc. (IONQ): Free Stock Analysis Report
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