D-Wave Quantum Inc reports results for the quarter ended June 30 - Earnings Summary

• D-Wave Quantum Inc QBTS.N reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of eight analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -6 cents to -4 cents per share.

• Revenue rose 41.8% to $3.10 million from a year ago; analysts expected $2.52 million.

• D-Wave Quantum Inc's reported EPS for the quarter was a loss of 55 cents​.

• The company reported a quarterly loss of $167.33 million.

• D-Wave Quantum Inc shares had risen by 20.1% this quarter and gained 109.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.3% 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 9 "strong buy" or "buy," no "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 D-Wave Quantum Inc is $20.00, about 12.1% above its last closing price of $17.58

This summary was machine generated from LSEG data August 7 at 04:51 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)