Rigetti Computing beats Q4 EPS forecast by 35.8%, misses revenue by 30%
Rigetti Computing posted a Q4 adjusted loss of $0.03 per share, beating the $0.05 consensus loss by 35.8% but reporting just $1.87 million in revenue, down from $2.27 million and 30.0% below estimates. Shares have fallen 23.4% year-to-date, underperforming the S&P 500’s 0.4% decline.
1. Q4 EPS Performance
Rigetti Computing posted a Q4 adjusted net loss of $0.03 per share, surpassing expectations for a $0.05 loss and improving from a $0.08 loss a year earlier, delivering a 35.8% positive earnings surprise.
2. Q4 Revenue Details
The company recorded $1.87 million in revenue for the quarter, a 17.6% year-over-year decline and 30.0% short of consensus estimates, marking its fourth straight quarter missing revenue forecasts.
3. Share Trend and Forward Outlook
Shares have dropped 23.4% since January, lagging the S&P 500’s 0.4% decline; analysts project a $0.05 loss on $3.29 million in Q1 revenue and a full-year loss of $0.18 per share on $24.94 million in revenue.