Rigetti Computing, Inc. (RGTI) Rises Higher Than Market: Key Facts

In the latest trading session, Rigetti Computing, Inc. (RGTI) closed at $13.83, marking a +0.8% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.39%. Meanwhile, the Dow experienced a rise of 0.71%, and the technology-dominated Nasdaq saw an increase of 0.2%.The company's shares have seen a decrease of 25.39% over the last month, not keeping up with the Computer and Technology sector's gain of 0.04% and the S&P 500's gain of 1.7%.The investment community will be closely monitoring the performance of Rigetti Computing, Inc. in its forthcoming earnings report. On that day, Rigetti Computing, Inc. is projected to report earnings of -$0.08 per share, which would represent year-over-year growth of 11.11%. In the meantime, our current consensus estimate forecasts the revenue to be $2.4 million, indicating a 28.99% decline compared to the corresponding quarter of the prior year.Investors should also take note of any recent adjustments to analyst estimates for Rigetti Computing, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Rigetti Computing, Inc. currently has a Zacks Rank of #3 (Hold).The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 68, putting it in the top 28% of all 250+ industries.The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rigetti Computing, Inc. (RGTI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks