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IonQ, Inc. (IONQ) Rises As Market Takes a Dip: Key Facts
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The most recent trading session ended with IonQ, Inc. (IONQ - Free Report) standing at $12.64, reflecting a +0.4% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.17% loss on the day. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq increased by 0.27%.
Shares of the company have depreciated by 5.2% over the course of the past month, underperforming the Computer and Technology sector's loss of 2.16% and the S&P 500's loss of 3.95%.
Market participants will be closely following the financial results of IonQ, Inc. in its upcoming release. The company plans to announce its earnings on November 8, 2023. The company's earnings per share (EPS) are projected to be -$0.22, reflecting an 83.33% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $5.01 million, up 81.52% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.81 per share and a revenue of $19.14 million, signifying shifts of -102.5% and +71.93%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for IonQ, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. IonQ, Inc. presently features 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 154, positioning it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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IonQ, Inc. (IONQ) Rises As Market Takes a Dip: Key Facts
The most recent trading session ended with IonQ, Inc. (IONQ - Free Report) standing at $12.64, reflecting a +0.4% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.17% loss on the day. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq increased by 0.27%.
Shares of the company have depreciated by 5.2% over the course of the past month, underperforming the Computer and Technology sector's loss of 2.16% and the S&P 500's loss of 3.95%.
Market participants will be closely following the financial results of IonQ, Inc. in its upcoming release. The company plans to announce its earnings on November 8, 2023. The company's earnings per share (EPS) are projected to be -$0.22, reflecting an 83.33% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $5.01 million, up 81.52% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.81 per share and a revenue of $19.14 million, signifying shifts of -102.5% and +71.93%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for IonQ, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. IonQ, Inc. presently features 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 154, positioning it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.