IonQ: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
IonQ (NYSE:IONQ) reported its Q4 earnings, missing estimated earnings by 0.0% with an EPS of $-0.2, matching the estimate. Revenue increased by $2.30 million from the previous year. The company had previously missed EPS estimates in Q3 2023, leading to a 2.0% drop in share price the following day. IonQ's revenue has consistently exceeded estimates over the past four quarters.
February 28, 2024 | 9:20 pm
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NEUTRAL IMPACT
IonQ reported Q4 earnings with an EPS of $-0.2, exactly as estimated, and a revenue increase of $2.30 million from the previous year. The company's history of exceeding revenue estimates but missing on EPS in Q3 2023 led to a 2.0% share price drop.
IonQ's earnings report shows a consistent pattern of revenue growth, which could be positive for investor sentiment. However, the exact match of EPS to estimates, combined with a history of an EPS miss leading to a stock price drop, suggests a neutral short-term impact. The company's ability to exceed revenue estimates consistently may counterbalance concerns over EPS performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100