* Rigetti Computing Inc reported a quarterly adjusted loss of 8 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -17 cents. The mean expectation of five analysts for the quarter was for a loss of 9 cents per share. Wall Street expected results to range from -10 cents to -9 cents per share.
* Revenue fell 23.4% to $2.38 million from a year ago; analysts expected $3.33 million.
* Rigetti Computing Inc's reported EPS for the quarter was a loss of 8 cents.
* The company reported a quarterly loss of $14.83 million.
* Rigetti Computing Inc shares had risen by 94.1% this quarter and gained 54.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 3.7% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the semiconductors peer group is also "buy"
Wall Street's median 12-month price target for Rigetti Computing Inc is $2.75 This summary was machine generated from LSEG data November 12 at 03:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 -0.09 -0.08 Beat
Jun. 30 2024 -0.10 -0.07 Beat
Mar. 31 2024 -0.11 -0.14 Missed
Dec. 31 2023 -0.13 -0.09 Beat
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