Here's Why Rigetti Computing, Inc. (RGTI) Fell More Than Broader Market

Core Viewpoint - Rigetti Computing, Inc. is experiencing significant stock price fluctuations and is preparing for an upcoming earnings disclosure that may impact investor sentiment and stock performance [1][2]. Group 1: Stock Performance - In the latest trading session, Rigetti Computing, Inc. (RGTI) declined by 3.48% to $16.98, underperforming the S&P 500's daily loss of 0.33% [1]. - Over the past month, shares of Rigetti have decreased by 31.1%, while the Computer and Technology sector has lost 1.09% and the S&P 500 has remained flat [1]. Group 2: Earnings Estimates - The upcoming earnings disclosure is expected to show an EPS of -$0.05, reflecting a 37.5% growth compared to the same quarter last year [2]. - For the entire fiscal year, the Zacks Consensus Estimates predict an EPS of -$0.68 and revenue of $7.89 million, indicating declines of 88.89% and 26.88% respectively from the previous year [3]. Group 3: Analyst Estimates and Rankings - Recent changes to analyst estimates for Rigetti Computing, Inc. suggest a positive outlook on the company's business operations and profit generation capabilities [4]. - The Zacks Rank system currently rates Rigetti Computing, Inc. as 3 (Hold), with no changes in the consensus EPS estimate over the past month [6]. - The Internet - Software industry, which includes Rigetti, ranks in the top 36% of all industries according to the Zacks Industry Rank, indicating a relatively strong position within the sector [7].