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

D-Wave Quantum (NYSE:QBTS) is set to release its earnings data before the market opens on Thursday, November 14th. Analysts expect D-Wave Quantum to post earnings of ($0.09) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). The business had revenue of $2.18 million during the quarter, compared to analyst estimates 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 Trading Up 3.2 %

Shares of QBTS opened at $1.13 on Thursday. The firm’s fifty day simple moving average is $1.00 and its two-hundred day simple moving average is $1.11. D-Wave Quantum has a 12 month low of $0.57 and a 12 month high of $2.44. The stock has a market capitalization of $226.61 million, a P/E ratio of -2.62 and a beta of 0.96.

Analyst Upgrades and Downgrades

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

D-Wave Quantum Company Profile

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.