Rigetti Computing, Inc. (RGTI) Ascends While Market Falls: Some Facts to Note

Company Performance - Rigetti Computing, Inc. (RGTI) ended the latest trading session at $9.42, reflecting a +0.32% change from the previous close, outperforming the S&P 500's daily loss of 3.46% [1] - Over the last month, RGTI shares increased by 4.92%, contrasting with the Computer and Technology sector's loss of 7.24% and the S&P 500's loss of 5.27% [1] Earnings Expectations - Analysts expect Rigetti Computing, Inc. to report earnings of -$ 0.05 per share in the upcoming earnings report, indicating a year-over-year growth of 64.29% [2] - The consensus estimate for revenue is $2.46 million, which represents a decline of 19.34% from the same quarter last year [2] Full-Year Estimates - The Zacks Consensus Estimates for Rigetti Computing, Inc. project earnings of -$ 0.20 per share and revenue of $14.52 million for the full year, reflecting year-over-year changes of +44.44% and +34.57%, respectively [3] - Recent changes to analyst estimates indicate evolving short-term business trends, with positive revisions suggesting analyst optimism about the company's profitability [3] Zacks Rank and Industry Performance - Rigetti Computing, Inc. currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate remaining steady over the past month [5] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 75, placing it in the top 31% of over 250 industries [6]