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

D-Wave Quantum (NYSE:QBTS - Get Free Report) will post its quarterly earnings results before the market opens on Monday, May 13th. Analysts expect D-Wave Quantum to post earnings of ($0.08) per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.10). The firm had revenue of $2.91 million during the quarter, compared to analysts' expectations of $4.86 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 Price Performance

Shares of QBTS stock remained flat at $1.40 during trading hours on Monday. 4,452,613 shares of the stock were exchanged, compared to its average volume of 3,977,953. The stock has a 50 day simple moving average of $1.78 and a two-hundred day simple moving average of $1.25. The firm has a market capitalization of $226.35 million, a price-to-earnings ratio of -2.26 and a beta of 1.05. D-Wave Quantum has a one year low of $0.40 and a one year high of $3.20.

Analyst Ratings Changes

A number of research analysts have recently commented on QBTS shares. Craig Hallum boosted their price target on shares of D-Wave Quantum from $1.75 to $2.50 and gave the company a "buy" rating in a research report on Monday, April 1st. Roth Mkm boosted their target price on D-Wave Quantum from $2.00 to $3.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. Benchmark raised their price target on D-Wave Quantum from $2.00 to $4.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. Finally, Needham & Company LLC started coverage on D-Wave Quantum in a report on Monday, April 8th. They set a "buy" rating and a $2.50 price objective for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $2.80.

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.