IonQ, Inc. (IONQ) experienced a 6.22% stock decline in its latest trading session despite broader market gains, though the company's shares have still climbed 80.07% over the last month, significantly outperforming its sector. Ahead of its upcoming earnings report, analysts anticipate flat quarterly EPS at -$0.24 but project substantial revenue growth of 117.86% to $27.02 million for the quarter and 115.14% to $92.67 million for the full fiscal year. The stock currently carries a Zacks Rank of #3 (Hold) within a top-tier industry, indicating investor focus will be on whether these strong revenue growth forecasts materialize.
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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) Stock Sinks As Market Gains: Here's Why Read MoreHide Full Article In the latest trading session, IonQ, Inc. (IONQ - Free Report) closed at $74.30, marking a -6.22% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.58%. The company's shares have seen an increase of 80.07% over the last month, surpassing the Computer and Technology sector's gain of 6.37% and the S&P 500's gain of 3.68%. The investment community will be closely monitoring the performance of IonQ, Inc. in its forthcoming earnings report. In that report, analysts expect IonQ, Inc. to post earnings of -$0.24 per share. This would mark no growth from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $27.02 million, reflecting a 117.86% rise from the equivalent quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.97 per share and a revenue of $92.67 million, representing changes of +37.82% and +115.14%, respectively, from the prior year. It's also important for investors to be aware of any recent modifications to analyst estimates for IonQ, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, ranging from 1 (Strong Buy) to 5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with 1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. IonQ, Inc. is currently sporting a Zacks Rank of 3 (Hold). The Computer - Integrated Systems industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 10, this industry ranks in the top 5% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Image: Bigstock IonQ, Inc. (IONQ) Stock Sinks As Market Gains: Here's Why In the latest trading session, IonQ, Inc. (IONQ - Free Report) closed at $74.30, marking a -6.22% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.58%. The company's shares have seen an increase of 80.07% over the last month, surpassing the Computer and Technology sector's gain of 6.37% and the S&P 500's gain of 3.68%. The investment community will be closely monitoring the performance of IonQ, Inc. in its forthcoming earnings report. In that report, analysts expect IonQ, Inc. to post earnings of -$0.24 per share. This would mark no growth from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $27.02 million, reflecting a 117.86% rise from the equivalent quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.97 per share and a revenue of $92.67 million, representing changes of +37.82% and +115.14%, respectively, from the prior year. It's also important for investors to be aware of any recent modifications to analyst estimates for IonQ, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, ranging from 1 (Strong Buy) to 5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with 1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. IonQ, Inc. is currently sporting a Zacks Rank of 3 (Hold). The Computer - Integrated Systems industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 10, this industry ranks in the top 5% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up IonQ, Inc. (IONQ) experienced a 6.22% decline in its latest trading session, counter to the S&P 500's 0.58% daily gain. Despite this recent dip, the stock has demonstrated significant momentum over the past month, rising 80.07% and substantially outperforming both the Computer and Technology sector's 6.37% gain and the S&P 500's 3.68% increase during the same period. This suggests strong underlying investor interest despite short-term fluctuations. For its forthcoming earnings report, analysts anticipate flat earnings per share (EPS) at -$0.24, showing no growth year-over-year. However, revenue is projected to surge by 117.86% to $27.02 million for the quarter and 115.14% to $92.67 million for the full fiscal year, indicating robust top-line expansion without immediate profitability. The Zacks Consensus EPS estimate has remained unchanged over the last 30 days, reflecting stable short-term expectations for profitability. IonQ currently holds a Zacks Rank of 3 (Hold), despite operating in the Computer - Integrated Systems industry, which boasts a strong Zacks Industry Rank of 10, placing it in the top 5% of all industries. The positive industry outlook generally supports constituent companies, but the 'Hold' rating suggests a balanced view on IonQ's current valuation versus its growth prospects and profitability challenges.
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