In the latest trading session, Rigetti Computing, Inc. (RGTI) closed at $14.15, marking a -4.71% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.05%. Meanwhile, the Dow gained 0.46%, and the Nasdaq, a tech-heavy index, lost 0.64%.
Prior to today's trading, shares of the company had lost 19.34% lagged the Computer and Technology sector's loss of 3.62% and the S&P 500's gain of 0.61%.
Market participants will be closely following the financial results of Rigetti Computing, Inc. in its upcoming release. The company plans to announce its earnings on August 6, 2026. The company is expected to report EPS of -$0.03, up 40% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.91 million, up 173% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of -$0.18 per share and a revenue of $25.32 million, demonstrating changes of +71.88% and +257.28%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Rigetti Computing, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Rigetti Computing, Inc. possesses a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 154, this industry ranks in the bottom 38% of all industries, numbering over 250.
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.
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Rigetti Computing, Inc. (RGTI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).