Rigetti Computing Jumps 2.6% After 31.6% Monthly Slump, Prepares Q1 Report
Rigetti Computing shares closed at $16.60, up 2.6% while dropping 31.64% over the past month versus a 3.36% loss in the technology sector. Analysts project 2026 Q1 EPS of -$0.05 on $2.67 million revenue and full-year EPS of -$0.68 on $7.89 million sales.
1. Market Performance
Rigetti Computing shares closed at $16.60, up 2.6% on February 19, outperforming the S&P 500's 0.28% decline. However, the stock has tumbled 31.64% over the past month versus a 3.36% drop in the Computer and Technology sector and a 0.76% loss for the S&P 500.
2. First Quarter Estimates
The company is set to report Q1 2026 results on March 4, with consensus estimates forecasting EPS of -$0.05, a 37.5% improvement year-over-year, on revenue of $2.67 million, representing a 17.7% increase from the prior-year quarter.
3. Full-Year Consensus Outlook
Analysts project full-year 2026 EPS of -$0.68, a year-over-year decline of 88.9%, and revenue of $7.89 million, down 26.9% from 2025, reflecting expectations of continued operating losses.
4. Industry and Analyst Rankings
Rigetti holds a Zacks Rank of #3 (Hold) with no recent estimate revisions, while its Internet - Software industry ranks 88th out of over 250, placing it in the top 36% of industry groups.