Shares of Quantum Computing Inc. (QUBT) tumbled 5.10% in after-hours trading on Tuesday, as investors reacted to expectations of a quarterly loss ahead of the company's upcoming earnings report. The Hoboken, New Jersey-based quantum technology firm is set to release its financial results for the quarter ending December 31, 2024, on March 20.
According to a recent earnings preview, analysts expect Quantum Computing Inc. to report a loss of 5 cents per share. While the company is anticipated to show a significant increase in revenue, with estimates projecting a 166.7% rise to $200,000 from $75,000 a year ago, the forecasted loss appears to have spooked some investors, leading to the after-hours sell-off.
Despite the current downturn, it's worth noting that Wall Street maintains a bullish outlook on QUBT. The sole analyst rating available for the stock is a "buy," with a median 12-month price target of $8.50, which stands considerably higher than the stock's last closing price. However, as the quantum computing sector faces increased scrutiny and volatility, investors seem to be approaching the upcoming earnings report with caution, resulting in the observed after-hours plunge.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。