Rigetti Shares Tumble 3.48% to $16.98 After 31.1% Monthly Sell-Off
Rigetti Computing shares fell 3.48% to $16.98 on February 10 and have lost 31.1% this month versus a 1.09% sector decline. Analysts forecast Q1 EPS of -$0.05 (37.5% growth) on revenue of $2.67M, while full-year estimates call for EPS of -$0.68 and revenue of $7.89M, down 88.9% and 26.9%.
1. February Stock Performance
On February 10, Rigetti Computing shares declined 3.48% to close at $16.98, underperforming the S&P 500’s 0.33% drop. Over the past month, the stock fell 31.1%, compared with a 1.09% decline in the Computer and Technology sector.
2. Q1 Earnings Estimates
Analysts project first-quarter EPS of -$0.05, representing a 37.5% improvement from the same period last year, on expected revenue of $2.67 million, up 17.7% year-over-year.
3. Full-Year Outlook and Analyst Rankings
For the full fiscal year, forecasts call for EPS of -$0.68 and revenue of $7.89 million, declines of 88.9% and 26.9% respectively, with a Zacks Rank of 3 (Hold) and an industry rank placing the company in the top 36% of its sector.