In the latest close session, IonQ, Inc. (IONQ) was down 1.6% at $30.78. The stock fell short of the S&P 500, which registered a gain of 0.41% for the day. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq added 1.11%.
The stock of company has fallen by 20.06% in the past month, lagging the Computer and Technology sector's loss of 0.92% and the S&P 500's gain of 1.46%.
Analysts and investors alike will be keeping a close eye on the performance of IonQ, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.23, marking a 93.58% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $145.29 million, up 264.42% from the year-ago period.
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.
It's also important for investors to be aware of any recent modifications to analyst estimates for IonQ, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. IonQ, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 35, which puts it in the top 15% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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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