Rigetti EPS Preview: Betting on the Future of Quantum Computing

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Quantum computing is expected to be the next generation of computing, an improved version of a classical computer. Today’s computers store information as 0 (off) or 1 (on), flipping between each.  Conversely, in a process called superposition, quantum computers can use both 0 and 1 at the simultaneously. An excellent metaphor for understanding quantum computing imagining a house where children are playing hide-and-go-seek. In this example, envision the children searching each room as today’s computers, with each room, nook, and cranny needing to be searched individually. Meanwhile, rather than checking each room individually, a quantum computer can search the entire house at once.Quantum computers are not necessarily faster than traditional computers in every aspect. However, for certain complex problems. Quantum computers can solve problems that would take a conventional computer millions of years.Zacks Rank #3 (Hold) stock Rigetti Computing (RGTI) is a leader in the scorching-hot quantum computing industry group. Rigetti builds industry-leading “superconducting quantum chips” which can be used for finance, logistics, and scheduling applications. The company’s website states its mission as to “Build the world’s most powerful computers to help solve humanity’s most important and pressing problems.” ·       When: Rigetti will report Q3 2025 earnings on Monday, November 10th, after the US stock market closes.·       Wall Street Expectations: Zacks Consensus Analyst Estimates suggest that revenue will be a tepid $2.39 million in Q3, while EPS will be $-0.05.·       EPS Track Record: RGTI has a mixed EPS track record. The company has matched Wall Street expectations twice, missed once, and has beaten once as a public company.Zacks Investment ResearchImage Source: Zacks Investment Research·       Implied Move: The options market suggests a post-eps move of ~14%.Rigetti management acknowledges that the company is still mainly in the R&D stage. In other words, unlike most companies, Rigetti will not be judged primarily by its earnings results relative to Wall Street expectations, but instead by news partnerships, technological advances, and forward-looking statements.Over the past year, investors have looked beyond Rigetti’s unproven earnings and sales track record and have instead bet on the future technology of quantum computing. RGTI has been a momentum trader’s dream, with shares soaring some 2,261% over the past year. After the last explosive thrust higher, RGTI shares are testing the rising 50-day moving average – an intermediate trend filter investors should be monitoring.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,852.50 -4.25 (-0.06%)Dow Futures47,472.00 +10.00 (+0.02%)Nasdaq Futures25,685.75 -28.75 (-0.11%)Russell 2000 Futures2,462.40 -1.90 (-0.08%)VIX17.60 -1.48 (-7.76%)Gold4,137.80 +15.80 (+0.38%)PortfolioSign in to access your portfolioSign inTop gainersCOGT Cogent Biosciences, Inc. 32.46 +17.64 (+119.03%)NVTS Navitas Semiconductor Corporation 9.60 +1.76 (+22.45%)OPEN Opendoor Technologies Inc. 7.97 +1.41 (+21.49%)MLYS Mineralys Therapeutics, Inc. 44.50 +6.48 (+17.04%)TSEM Tower Semiconductor Ltd. 98.10 +14.03 (+16.69%)Top losersSGRY Surgery Partners, Inc. 16.04 -5.47 (-25.42%)BTDR Bitdeer Technologies Group 17.65 -4.34 (-19.74%)OSCR Oscar Health, Inc. 14.61 -3.11 (-17.55%)MTSR Metsera, Inc. 70.87 -12.31 (-14.80%)MNDY monday.com Ltd. 166.21 -23.38 (-12.33%)Most activeOPEN Opendoor Technologies Inc. 7.97 +1.41 (+21.49%)PLUG Plug Power Inc. 2.5600 -0.0900 (-3.40%)NVDA NVIDIA Corporation 199.05 +10.90 (+5.79%)PFE Pfizer Inc. 24.39 -0.04 (-0.16%)ONDS Ondas Holdings Inc. 5.88 +0.07 (+1.20%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersCRWV CoreWeave, Inc. 105.61 +1.60 (+1.54%)AI C3.ai, Inc. 16.08 +0.56 (+3.61%)RIVN Rivian Automotive, Inc. 16.41 +1.18 (+7.75%)GLTO Galecto, Inc. 17.25 +12.30 (+248.49%)BBAI BigBear.ai Holdings, Inc. 5.71 +0.03 (+0.53%)Top economic events