Equities Analysts Set Expectations for IonQ FY2025 Earnings

IonQ, Inc. (NYSE:IONQ - Free Report) - Research analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of IonQ in a research note issued to investors on Wednesday, July 2nd. Cantor Fitzgerald analyst T. Jensen expects that the company will earn ($0.85) per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $45.00 price target on the stock. The consensus estimate for IonQ's current full-year earnings is ($0.86) per share. Cantor Fitzgerald also issued estimates for IonQ's FY2026 earnings at ($0.84) EPS.

IONQ has been the subject of a number of other research reports. DA Davidson cut their price objective on shares of IonQ from $50.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Needham & Company LLC restated a "buy" rating and set a $50.00 price objective on shares of IonQ in a research report on Wednesday, June 11th. Morgan Stanley increased their price target on shares of IonQ from $29.00 to $30.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Finally, Benchmark increased their price target on shares of IonQ from $50.00 to $55.00 and gave the company a "buy" rating in a report on Monday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, IonQ presently has a consensus rating of "Moderate Buy" and an average target price of $41.43.

IonQ Stock Performance

IonQ stock traded up $0.92 during trading hours on Friday, reaching $45.31. 33,767,677 shares of the stock were exchanged, compared to its average volume of 19,660,830. The stock has a market cap of $11.85 billion, a P/E ratio of -30.41 and a beta of 2.55. IonQ has a 52-week low of $6.22 and a 52-week high of $54.74. The firm's 50 day moving average is $37.72 and its 200 day moving average is $33.96.

IonQ (NYSE:IONQ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.14) EPS for the quarter, topping analysts' consensus estimates of ($0.28) by $0.14. The company had revenue of $7.57 million during the quarter, compared to the consensus estimate of $7.51 million. IonQ had a negative net margin of 753.20% and a negative return on equity of 63.35%. IonQ's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.19) EPS.

Institutional Investors Weigh In On IonQ

Several hedge funds have recently modified their holdings of the company. Modus Advisors LLC acquired a new stake in shares of IonQ in the second quarter worth approximately $219,000. Rowlandmiller & PARTNERS.ADV acquired a new stake in shares of IonQ during the 2nd quarter worth $114,000. Rhumbline Advisers raised its position in shares of IonQ by 6.6% in the 1st quarter. Rhumbline Advisers now owns 323,930 shares of the company's stock worth $7,149,000 after buying an additional 20,127 shares during the period. Strs Ohio acquired a new position in IonQ in the first quarter valued at $1,017,000. Finally, Intech Investment Management LLC grew its position in IonQ by 26.4% during the first quarter. Intech Investment Management LLC now owns 124,920 shares of the company's stock valued at $2,757,000 after acquiring an additional 26,085 shares during the period. 41.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at IonQ

In other IonQ news, CEO Masi Niccolo De sold 2,597,500 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $40.34, for a total transaction of $104,783,150.00. Following the sale, the chief executive officer directly owned 711,987 shares of the company's stock, valued at $28,721,555.58. This trade represents a 78.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Hume Chapman sold 1,497,311 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $39.93, for a total transaction of $59,787,628.23. Following the sale, the insider directly owned 390,329 shares in the company, valued at $15,585,836.97. This represents a 79.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,972,201 shares of company stock worth $350,540,009 over the last three months. Company insiders own 5.20% of the company's stock.

About IonQ

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service.