Rigetti Computing, Inc. (RGTI) closed at $9.79 in the latest trading session, marking a +0.93% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.77%. Elsewhere, the Dow saw a downswing of 0.95%, while the tech-heavy Nasdaq depreciated by 0.87%.
The the stock of company has risen by 16.39% in the past month, lagging the Computer and Technology sector's gain of 16.73% and overreaching the S&P 500's gain of 11.54%.
Analysts and investors alike will be keeping a close eye on the performance of Rigetti Computing, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on May 12, 2025. In that report, analysts expect Rigetti Computing, Inc. to post earnings of -$0.05 per share. This would mark year-over-year growth of 64.29%. Alongside, our most recent consensus estimate is anticipating revenue of $2.46 million, indicating a 19.34% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.20 per share and a revenue of $14.52 million, representing changes of +44.44% and +34.57%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Rigetti Computing, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Rigetti Computing, Inc. is holding a Zacks Rank of #2 (Buy) right now.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 84, placing it within the top 35% of over 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.
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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Rigetti Computing, Inc. (RGTI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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