- Quantum Computing Inc (QUBT, Financial) is expected to report a significant year-over-year revenue growth of 233.3%.
- Analysts maintain an optimistic one-year price target with a projected upside of 56.77%.
- The company's stock is currently rated as "Outperform" by brokerage firms.
Upcoming Q1 Earnings Release
Quantum Computing Inc (NASDAQ: QUBT) is poised to announce its first-quarter earnings results on May 15th, following the market's close. The anticipation surrounding this event is underscored by forecasts of an EPS of -$0.07. This marks a notable 12.5% year-over-year improvement. Meanwhile, revenue is expected to surge to $0.1 million, highlighting an impressive growth rate of 233.3% compared to the previous year.
Wall Street Analysts' Projections
With insights from one analyst, Quantum Computing Inc's stock is anticipated to reach an average target price of $14.00 over the next year. This forecast represents a promising 56.77% upside from the current stock price of $8.93. For a deeper dive into the price forecasts, visit the Quantum Computing Inc (QUBT, Financial) Forecast page.
The consensus recommendation from a brokerage firm positions Quantum Computing Inc as an "Outperform" with a 2.0 rating on a scale where 1 indicates a Strong Buy and 5 suggests a Sell. This reflects a positive investment sentiment toward the firm.
Analyzing the GF Value
According to GuruFocus metrics, the projected GF Value for Quantum Computing Inc’s shares stands at $1.28 in one year, indicating a potential downside of 85.67% relative to the present price of $8.93. The GF Value metric is a reflection of the stock’s fair trade value, derived from historical trading multiples and anticipated business performance. To explore more about these valuations, refer to the Quantum Computing Inc (QUBT, Financial) Summary page.
