Rigetti(US:RGTI) ZACKS·2024-11-05 23:51Company Performance - Rigetti Computing, Inc. (RGTI) ended the latest trading session at $1.12, reflecting a -0.88% adjustment from the previous close, underperforming compared to the S&P 500's daily gain of 1.23% [1] - The company's stock has increased by 44% over the past month, outperforming the Computer and Technology sector's loss of 0.04% and the S&P 500's loss of 0.54% [1] Earnings Projections - Rigetti Computing is expected to release its earnings on November 12, 2024, with projected earnings per share (EPS) of -$0.08, indicating a 38.46% increase from the same quarter last year [2] - Revenue is anticipated to be $3.33 million, reflecting a 7.07% increase compared to the year-ago quarter [2] - For the entire fiscal year, the Zacks Consensus Estimates predict an EPS of -$0.34 and revenue of $12.82 million, showing changes of +35.85% and +6.77% respectively from the previous year [3] Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Rigetti Computing are crucial as they often reflect changes in short-term business dynamics, with positive adjustments indicating a favorable outlook on the company's health and profitability [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has Rigetti Computing currently rated as 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [6] Industry Context - The Computer - Software industry, part of the broader Computer and Technology sector, holds a Zacks Industry Rank of 72, placing it in the top 29% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]