In the latest trading session, IonQ, Inc. (IONQ) closed at $48.94, marking a -3.95% move from the previous day. This change lagged the S&P 500's daily loss of 0.19%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Shares of the company witnessed a gain of 10.59% over the previous month, beating the performance of the Computer and Technology sector with its gain of 2.62%, and the S&P 500's gain of 2.26%.
The investment community will be paying close attention to the earnings performance of IonQ, Inc. in its upcoming release. The company is expected to report EPS of -$0.48, up 48.39% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $40.31 million, up 244.21% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$5.08 per share and a revenue of $108.45 million, indicating changes of -225.64% and 0%, respectively, from the former year.
Investors should also take note of any recent adjustments 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 business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 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 past month, there's been a 0.11% fall in the Zacks Consensus EPS estimate. IonQ, Inc. currently has a Zacks Rank of #3 (Hold).
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 25, putting it in the top 11% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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IonQ, Inc. (IONQ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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