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

D-Wave Quantum (NYSE:QBTS - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Monday, May 12th. Analysts expect D-Wave Quantum to post earnings of ($0.05) per share and revenue of $10.50 million for the quarter.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $15.00 million for the quarter, compared to analyst estimates of $10.50 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 6.5 %

QBTS stock traded up $0.68 on Friday, hitting $11.10. The company's stock had a trading volume of 156,392,120 shares, compared to its average volume of 36,340,496. D-Wave Quantum has a 1 year low of $0.75 and a 1 year high of $11.95. The firm has a 50 day moving average of $7.29 and a two-hundred day moving average of $5.71. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -26.43 and a beta of 0.90.

Wall Street Analyst Weigh In

Several analysts have recently commented on QBTS shares. Needham & Company LLC raised their price target on D-Wave Quantum from $8.50 to $13.00 and gave the company a "buy" rating in a report on Friday. Roth Mkm upped their price target on shares of D-Wave Quantum from $7.00 to $10.00 and gave the company a "buy" rating in a report on Friday, March 14th. B. Riley raised their price objective on shares of D-Wave Quantum from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Friday, March 14th. Finally, Benchmark reaffirmed a "buy" rating and issued a $8.00 target price on shares of D-Wave Quantum in a research note on Friday, March 14th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $9.17.

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.