Rigetti Computing, Inc. (RGTI) Reports Q4 Loss, Misses Revenue Estimates

Core Insights - Rigetti Computing, Inc. reported a quarterly loss of $0.08 per share, consistent with the Zacks Consensus Estimate, and an improvement from a loss of $0.09 per share a year ago [1] - The company's revenues for the quarter ended December 2024 were $2.27 million, missing the Zacks Consensus Estimate by 5.25% and down from $3.38 million year-over-year [2] - Rigetti Computing shares have declined approximately 48.5% year-to-date, contrasting with the S&P 500's decline of 1.8% [3] Earnings Outlook - The future performance of Rigetti Computing's stock will largely depend on management's commentary during the earnings call and the earnings outlook [4] - Current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $2.59 million, and for the current fiscal year, it is -$0.28 on revenues of $15.32 million [7] Industry Context - The Internet - Software industry, to which Rigetti Computing belongs, is currently ranked in the bottom 48% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]