IONQ Inc reports results for the quarter ended June 30 - Earnings Summary

• IONQ Inc IONQ.N reported a quarterly adjusted loss of 70 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -18 cents. The mean expectation of seven analysts for the quarter was for a loss of 27 cents per share. Wall Street expected results to range from -35 cents to -16 cents per share.

• Revenue rose 81.8% to $20.69 million from a year ago; analysts expected $17.23 million.

• IONQ Inc's reported EPS for the quarter was a loss of 70 cents​.

• The company reported a quarterly loss of $176.84 million.

• IONQ Inc shares had fallen by 2.2% this quarter and gained 0.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 43.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for IONQ Inc is $50.00, about 17.5% above its last closing price of $41.23

This summary was machine generated from LSEG data August 6 at 10:37 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)