Analysts Issue Forecasts for IonQ FY2025 Earnings

IonQ, Inc. (NYSE:IONQ - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for IonQ in a research report issued on Wednesday, July 2nd. Cantor Fitzgerald analyst T. Jensen expects that the company will post earnings per share of ($0.85) for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $45.00 target price 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 (NYSE:IONQ - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.28) by $0.14. The company had revenue of $7.57 million for the quarter, compared to analyst estimates of $7.51 million. IonQ had a negative return on equity of 63.35% and a negative net margin of 753.20%. The company's quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned ($0.19) earnings per share.

Other research analysts have also recently issued research reports about the company. Morgan Stanley raised their target price on IonQ from $29.00 to $30.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Benchmark reaffirmed a "buy" rating and set a $50.00 target price on shares of IonQ in a research note on Wednesday, June 25th. DA Davidson decreased their target price on IonQ from $50.00 to $35.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of IonQ in a research note on Wednesday, June 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, IonQ has a consensus rating of "Moderate Buy" and an average price target of $40.71.

IonQ Trading Down 1.8%

IONQ stock traded down $0.81 during trading hours on Friday, hitting $43.94. 13,345,323 shares of the stock traded hands, compared to its average volume of 19,603,861. The stock has a 50-day simple moving average of $37.72 and a 200 day simple moving average of $33.99. IonQ has a one year low of $6.22 and a one year high of $54.74. The company has a market cap of $11.50 billion, a P/E ratio of -29.49 and a beta of 2.55.

Insiders Place Their Bets

In related news, CRO Rima Alameddine sold 65,000 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $38.57, for a total value of $2,507,050.00. Following the completion of the transaction, the executive owned 552,592 shares in the company, valued at $21,313,473.44. This trade represents a 10.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Masi Niccolo De sold 2,597,500 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $40.34, for a total value of $104,783,150.00. Following the completion of the transaction, the chief executive officer 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 disclosure for this sale can be found here. Insiders have sold a total of 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.

Hedge Funds Weigh In On IonQ

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC boosted its position in IonQ by 348.0% during the 1st quarter. ORG Partners LLC now owns 1,120 shares of the company's stock worth $26,000 after acquiring an additional 870 shares during the period. Smartleaf Asset Management LLC boosted its position in IonQ by 421.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the company's stock worth $27,000 after acquiring an additional 501 shares during the period. Measured Risk Portfolios Inc. acquired a new stake in IonQ during the 4th quarter worth about $27,000. TD Waterhouse Canada Inc. acquired a new stake in IonQ during the 4th quarter worth about $33,000. Finally, Future Financial Wealth Managment LLC boosted its position in IonQ by 50.0% during the 1st quarter. Future Financial Wealth Managment LLC now owns 1,500 shares of the company's stock worth $33,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 41.42% of the company's stock.

IonQ Company Profile

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.