IonQ, Inc. (IONQ) ended the recent trading session at $43.24, demonstrating a -5.59% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.13%. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.72%.
The company's shares have seen an increase of 2.07% over the last month, surpassing the Computer and Technology sector's gain of 1.88% and the S&P 500's gain of 0.78%.
The investment community will be closely monitoring the performance of IonQ, Inc. in its forthcoming earnings report. On that day, IonQ, Inc. is projected to report earnings of -$0.48 per share, which would represent year-over-year growth of 48.39%. Simultaneously, our latest consensus estimate expects the revenue to be $40.31 million, showing a 244.21% escalation compared to the year-ago quarter.
IONQ's full-year Zacks Consensus Estimates are calling for earnings of -$5.08 per share and revenue of $108.45 million. These results would represent year-over-year changes of -225.64% and 0%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for IonQ, Inc. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, IonQ, Inc. possesses 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 60, putting it in the top 25% of all 250+ industries.
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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IonQ, Inc. (IONQ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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