D-Wave Quantum (QBTS) to Release Quarterly Earnings on Thursday

D-Wave Quantum (NYSE:QBTS) will be issuing its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

D-Wave Quantum (NYSE:QBTS) last posted its earnings results on Thursday, August 8th. The company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). The firm had revenue of $2.18 million for the quarter, compared to analysts’ expectations of $2.88 million. On average, analysts expect D-Wave Quantum to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

D-Wave Quantum Stock Performance

Shares of D-Wave Quantum stock opened at $1.13 on Thursday. D-Wave Quantum has a fifty-two week low of $0.57 and a fifty-two week high of $2.44. The company has a market cap of $226.61 million, a P/E ratio of -2.62 and a beta of 0.96. The firm has a 50-day simple moving average of $1.00 and a two-hundred day simple moving average of $1.11.

Wall Street Analyst Weigh In

Several research firms recently issued reports on QBTS. Benchmark lowered their price objective on D-Wave Quantum from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Westpark Capital reissued a “buy” rating and set a $3.00 target price on shares of D-Wave Quantum in a research note on Friday, August 9th. Needham & Company LLC lowered their target price on shares of D-Wave Quantum from $2.50 to $2.25 and set a “buy” rating for the company in a research note on Friday, August 9th. B. Riley initiated coverage on D-Wave Quantum in a report on Thursday, July 25th. They issued a “buy” rating and a $3.00 price objective on the stock. Finally, Roth Mkm dropped their price objective on shares of D-Wave Quantum from $3.00 to $2.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, D-Wave Quantum presently has an average rating of “Buy” and an average price target of $2.54.

About D-Wave Quantum

D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.