Published on 4 Apr 2024 on Zacks via Yahoo Finance
D-Wave Quantum Inc. (QBTS) Gains As Market Dips: What You Should Know
The latest trading session saw D-Wave Quantum Inc. (QBTS) ending at $2, denoting a +1.52% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 1.23%. Meanwhile, the Dow experienced a drop of 1.36%, and the technology-dominated Nasdaq saw a decrease of 1.4%.
The the stock of company has risen by 23.13% in the past month, leading the Computer and Technology sector's gain of 2.32% and the S&P 500's gain of 1.61%.
Analysts and investors alike will be keeping a close eye on the performance of D-Wave Quantum Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.08, indicating a 60% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.75 million, reflecting a 74.05% rise from the equivalent quarter last year.