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

Company Performance - Rigetti Computing, Inc. (RGTI) closed at $13.83, reflecting a +0.8% change from the previous day, outperforming the S&P 500's daily gain of 0.39% [1] - Over the last month, the company's shares have decreased by 25.39%, underperforming the Computer and Technology sector's gain of 0.04% and the S&P 500's gain of 1.7% [1] Earnings Report Expectations - Rigetti Computing, Inc. is projected to report earnings of -$ 0.08 per share, indicating a year-over-year growth of 11.11% [2] - The consensus estimate forecasts revenue of $2.4 million, representing a 28.99% decline compared to the same quarter of the previous year [2] Analyst Estimates and Stock Performance - Recent adjustments to analyst estimates for Rigetti Computing, Inc. are being monitored, as positive revisions may indicate optimism about the company's business outlook [3] - The Zacks Rank system, which incorporates estimate changes, has a track record of success, with 1 stocks delivering an average annual return of +25% since 1988 [4][5] - Rigetti Computing, Inc. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining steady over the past month [5] Industry Context - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 68, placing it in the top 28% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]