We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
IonQ, Inc. (IONQ) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
IonQ, Inc. (IONQ - Free Report) closed at $9.03 in the latest trading session, marking a +0.89% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.64%. Elsewhere, the Dow saw an upswing of 1.85%, while the tech-heavy Nasdaq appreciated by 0.2%.
Prior to today's trading, shares of the company had gained 18.39% over the past month. This has outpaced the Computer and Technology sector's gain of 1.06% and the S&P 500's gain of 3.82% in that time.
Market participants will be closely following the financial results of IonQ, Inc. in its upcoming release. It is anticipated that the company will report an EPS of -$0.22, marking a 37.5% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.4 million, up 52.17% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$0.89 per share and a revenue of $39.06 million, demonstrating changes of -14.1% and +77.18%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for IonQ, 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 company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. 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 207, positioning it in the bottom 18% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
IonQ, Inc. (IONQ) Outperforms Broader Market: What You Need to Know
IonQ, Inc. (IONQ - Free Report) closed at $9.03 in the latest trading session, marking a +0.89% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.64%. Elsewhere, the Dow saw an upswing of 1.85%, while the tech-heavy Nasdaq appreciated by 0.2%.
Prior to today's trading, shares of the company had gained 18.39% over the past month. This has outpaced the Computer and Technology sector's gain of 1.06% and the S&P 500's gain of 3.82% in that time.
Market participants will be closely following the financial results of IonQ, Inc. in its upcoming release. It is anticipated that the company will report an EPS of -$0.22, marking a 37.5% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.4 million, up 52.17% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$0.89 per share and a revenue of $39.06 million, demonstrating changes of -14.1% and +77.18%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for IonQ, 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 company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. 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 207, positioning it in the bottom 18% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.