Quantum Computing Inc reports results for the quarter ended March 31 - Earnings Summary

• Quantum Computing Inc QUBT.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -8 cents. The lone analyst forecast for the quarter was for a loss of 5 cents per share.

• Revenue rose 44.4% to $39.00 thousand from a year ago; analysts expected $100.00 thousand.

• Quantum Computing Inc's reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $16.98 million.

• Quantum Computing Inc shares had risen by 11.6% this quarter and lost 46.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Quantum Computing Inc is $14.00

This summary was machine generated from LSEG data May 15 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)