D-Wave Quantum's Earnings Outlook
Portfolio Pulse from Benzinga Insights
D-Wave Quantum (NYSE:QBTS) is scheduled to release its quarterly earnings report on March 28, 2024, with analysts expecting an EPS of $-0.10. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter missing EPS estimates by $0.01 but resulting in a 1.15% share price increase the following day. Over the last year, QBTS shares have surged by 304.08%, indicating a bullish sentiment among long-term investors.
March 27, 2024 | 3:02 pm
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D-Wave Quantum is expected to report an EPS of $-0.10 for the upcoming quarter. Historical data shows variable stock price reactions to earnings reports, with a recent 1.15% increase despite an EPS miss. Shares have significantly appreciated over the past year.
Given the positive long-term share performance and the potential for beating EPS estimates or providing favorable guidance, QBTS could see a short-term price increase. However, past performance indicates that the market's reaction can be mixed, hence the importance and confidence scores.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100