Rigetti Computing, Inc. (RGTI) ended the recent trading session at $16.60, demonstrating a +2.6% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 0.54%, and the technology-dominated Nasdaq saw a decrease of 0.31%.
Shares of the company witnessed a loss of 31.64% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 3.36%, and the S&P 500's loss of 0.76%.
The investment community will be closely monitoring the performance of Rigetti Computing, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on March 4, 2026. The company's upcoming EPS is projected at -$0.05, signifying a 37.50% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $2.67 million, showing a 17.67% escalation compared to the year-ago quarter.
RGTI's full-year Zacks Consensus Estimates are calling for earnings of -$0.68 per share and revenue of $7.89 million. These results would represent year-over-year changes of -88.89% and -26.88%, respectively.
Any recent changes to analyst estimates for Rigetti Computing, Inc. should also be noted by investors. 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 shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Rigetti Computing, Inc. presently features a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 88, putting it in the top 36% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Rigetti Computing, Inc. (RGTI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
