TLDR:
- Rigetti Computing (RGTI) stock closed at $13.72 on February 4, 2025, up 1.86%, outperforming the S&P 500’s 0.72% gain
- The company’s stock has declined 30.96% over the past month, underperforming both its sector and the broader market
- Expected to post Q4 earnings of -$0.08 per share, a 11.11% improvement year-over-year, though revenue is projected to decline 28.99% to $2.4 million
- Current fiscal year earnings estimate stands at -$0.34, suggesting a 35.9% improvement from previous year
- Last quarter showed revenue of $2.38 million (down 23.5% YoY) with EPS of -$0.08, missing revenue estimates but meeting EPS expectations
Quantum computing company Rigetti Computing (RGTI) demonstrated mixed market performance as investors await its upcoming earnings report. The stock closed at $13.72 on February 4, 2025, marking a 1.86% increase for the day and outpacing the broader market indices.
The daily performance showed strength compared to major indexes, with RGTI surpassing the S&P 500’s 0.72% gain and the Dow Jones Industrial Average’s 0.3% increase. The tech-heavy Nasdaq composite rose 1.35% during the same session.
However, looking at the broader timeframe reveals challenges.
Over the past month, RGTI has experienced a substantial decline of 30.96%, contrasting sharply with its sector’s performance. During this period, the Computer and Technology sector saw a relatively smaller decline of 1.35%, while the S&P 500 actually gained 1.02%.

The company’s financial outlook presents a mixed picture. Analysts project earnings per share (EPS) of -$0.08 for the upcoming quarter, representing an 11.11% improvement compared to the same period last year. However, revenue projections indicate potential challenges, with quarterly revenue expected to reach $2.4 million, marking a 28.99% decrease from the year-ago period.
Looking at recent performance, Rigetti’s last reported quarter showed revenue of $2.38 million, representing a 23.5% decrease compared to the previous year. The company reported an EPS of -$0.08, compared to -$0.13 in the same quarter of the previous year.
The company’s earnings history shows mixed results in meeting market expectations. Over the past four quarters, Rigetti managed to exceed EPS estimates only once. More notably, the company missed consensus revenue estimates in all four quarters.
For the current fiscal year, analysts maintain a consensus earnings estimate of -$0.34 per share, which would represent a 35.9% improvement from the previous year. Looking further ahead, projections for the next fiscal year suggest earnings of -$0.28 per share, indicating an anticipated 17.7% improvement.
Revenue projections for the fiscal years ahead show varying trajectories. Current fiscal year estimates stand at $10.92 million, representing a 9.1% decline. However, next fiscal year’s revenue is projected to reach $15.32 million, suggesting a 40.3% increase.
The company currently holds a Zacks Rank #3 (Hold), indicating neutral short-term market expectations. Within its industry classification, Rigetti operates in the Internet – Software sector, which ranks 66th out of 250+ industries, placing it in the top 27% of all tracked sectors.
Taking a closer look at industry dynamics, Rigetti Computing’s position within the Internet – Software industry has shown some resilience. While the stock has faced pressure, the industry as a whole has gained 10.9% over the past month, suggesting broader sector strength.
From a valuation perspective, current metrics indicate Rigetti Computing is trading at a premium compared to its industry peers, as reflected in its Zacks Value Style Score of F.
The company’s most recent quarterly performance showed mixed results. In its last reported quarter, Rigetti posted revenues of $2.38 million, falling short of the Zacks Consensus Estimate of $3.33 million by 28.59%. The EPS for the quarter met expectations at -$0.08.
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