Analysts Just Made A Major Revision To Their Rigetti Computing, Inc. (NASDAQ:RGTI) Revenue Forecasts

Simply Wall St.11-15

The analysts covering Rigetti Computing, Inc. (NASDAQ:RGTI) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for next year. There was...

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There was...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysts-just-made-major-revision-124144791.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analysts Just Made A Major Revision To Their Rigetti Computing, Inc. 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(NASDAQ:RGTI) Revenue Forecasts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 20:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysts-just-made-major-revision-124144791.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The analysts covering Rigetti Computing, Inc. (NASDAQ:RGTI) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for next year. There was...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysts-just-made-major-revision-124144791.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RGTIW","symbol_name":"Rigetti Computing Warrant","start_time":0,"source_url":"https://finance.yahoo.com/news/analysts-just-made-major-revision-124144791.html","article_id":"2483386378","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5Tyy8Oun7d69.ebTzNgpXA--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/ce85212c51bd88fd1fdcd0febb642a4a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483386378","pubTimestamp":1731674504,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The analysts covering Rigetti Computing, Inc.  delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for next year. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic. The stock price has risen 8.4% to US$1.55 over the past week. It will be interesting to see if this downgrade motivates investors to start selling their holdings.Following the downgrade, the current consensus from Rigetti Computing's five analysts is for revenues of US$16m in 2025 which - if met - would reflect a sizeable 36% increase on its sales over the past 12 months. Per-share losses are expected to creep up to US$0.34. Yet before this consensus update, the analysts had been forecasting revenues of US$24m and losses of US$0.33 per share in 2025. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to the","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RGTIW":"Rigetti Computing Warrant","NDAQ":"纳斯达克OMX交易所",".IXIC":"NASDAQ Composite","RGTI":"Rigetti Computing"},"translate_title":"分析师刚刚对Rigetti Computing，Inc.（纳斯达克：RGTI）的收入预测进行了重大修正","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":1,"NDAQ":1,"RGTI":1,"RGTIW":0.9},"content_text":"The analysts covering Rigetti Computing, Inc. (NASDAQ:RGTI) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for next year. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic. The stock price has risen 8.4% to US$1.55 over the past week. It will be interesting to see if this downgrade motivates investors to start selling their holdings. \n Following the downgrade, the current consensus from Rigetti Computing's five analysts is for revenues of US$16m in 2025 which - if met - would reflect a sizeable 36% increase on its sales over the past 12 months. Per-share losses are expected to creep up to US$0.34. Yet before this consensus update, the analysts had been forecasting revenues of US$24m and losses of US$0.33 per share in 2025. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase. \n View our latest analysis for Rigetti Computing \n\n\n\n  NasdaqCM:RGTI Earnings and Revenue Growth November 15th 2024\n \n\n The consensus price target was broadly unchanged at US$2.88, perhaps implicitly signalling that the weaker earnings outlook is not expected to have a long-term impact on the valuation. \n One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We can infer from the latest estimates that forecasts expect a continuation of Rigetti Computing'shistorical trends, as the 28% annualised revenue growth to the end of 2025 is roughly in line with the 25% annual revenue growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 19% annually. So it's pretty clear that Rigetti Computing is forecast to grow substantially faster than its industry. \nThe Bottom Line \n The most important thing to take away is that analysts increased their loss per share estimates for next year. Unfortunately, analysts also downgraded their revenue estimates, although our data indicates revenues are expected to perform better than the wider market. Given the stark change in sentiment, we'd understand if investors became more cautious on Rigetti Computing after today. \n So things certainly aren't looking great, and you should also know that we've spotted some potential warning signs with Rigetti Computing, including dilutive stock issuance over the past year. Learn more, and discover the 3 other risks we've identified, for free  on our platform here.  \n Another way to search for interesting companies that could be  reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Business Data","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483386378"}