D-Wave Quantum (NYSE:QBTS - Get Free Report) will be releasing its earnings data before the market opens on Thursday, November 14th. Analysts expect D-Wave Quantum to post earnings of ($0.09) per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
D-Wave Quantum (NYSE:QBTS - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.10) EPS for the quarter, meeting analysts' consensus estimates of ($0.10). The firm had revenue of $2.18 million for the quarter, compared to analysts' expectations of $2.88 million. On average, analysts expect D-Wave Quantum to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
D-Wave Quantum Stock Performance
QBTS stock traded up $0.33 during mid-day trading on Thursday, reaching $1.46. The company had a trading volume of 20,907,900 shares, compared to its average volume of 4,112,821. The company has a market capitalization of $294.09 million, a price-to-earnings ratio of -3.40 and a beta of 0.96. The firm has a fifty day simple moving average of $1.00 and a 200 day simple moving average of $1.11. D-Wave Quantum has a fifty-two week low of $0.57 and a fifty-two week high of $2.44.
Analyst Ratings Changes
QBTS has been the topic of several research analyst reports. Westpark Capital reissued a "buy" rating and set a $3.00 target price on shares of D-Wave Quantum in a research report on Friday, August 9th. B. Riley initiated coverage on D-Wave Quantum in a research report on Thursday, July 25th. They set a "buy" rating and a $3.00 target price on the stock. Roth Mkm cut their target price on D-Wave Quantum from $3.00 to $2.00 and set a "buy" rating on the stock in a research report on Tuesday, August 13th. Needham & Company LLC cut their price target on D-Wave Quantum from $2.50 to $2.25 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, Benchmark cut their price target on D-Wave Quantum from $4.00 to $3.00 and set a "buy" rating on the stock in a research report on Monday, August 12th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $2.54.
Read Our Latest Stock Report on QBTS
D-Wave Quantum Company Profile
(
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D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.
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