Rigetti Computing, Inc. (RGTI) Increases Despite Market Slip: Here's What You Need to Know

Company Performance - Rigetti Computing, Inc. (RGTI) closed at $9.79, marking a +0.93% move from the prior day, outperforming the S&P 500 which registered a daily loss of 0.77% [1] - The stock has risen by 16.39% in the past month, lagging behind the Computer and Technology sector's gain of 16.73% and exceeding the S&P 500's gain of 11.54% [1] Upcoming Earnings - The company's earnings report is set to be disclosed on May 12, 2025, with analysts expecting earnings of -$ 0.05 per share, indicating year-over-year growth of 64.29% [2] - The consensus estimate anticipates revenue of $2.46 million, reflecting a 19.34% decrease from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, Zacks Consensus Estimates project earnings of -$ 0.20 per share and revenue of $14.52 million, representing changes of +44.44% and +34.57% respectively from the prior year [3] Analyst Sentiment - Recent changes to analyst estimates for Rigetti Computing reflect evolving short-term business trends, with upward revisions indicating analysts' positivity towards the company's operations and profit generation capabilities [4] Zacks Rank - Rigetti Computing currently holds a Zacks Rank of 2 (Buy), with the consensus EPS projection remaining stagnant over the past 30 days [6] - The Zacks Rank system has a strong track record, with stocks rated 1 delivering an average annual return of +25% since 1988 [6] Industry Overview - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 84, placing it within the top 35% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]