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

• Quantum Computing Inc QUBT.OQ reported a quarterly adjusted loss of 26 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of two analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -6 cents to -5 cents per share.

• Revenue fell 65.6% to $63.00 thousand from a year ago; analysts expected $100.00 thousand.

• Quantum Computing Inc's reported EPS for the quarter was a loss of 26 cents​.

• The company reported a quarterly loss of $36.48 million.

• Quantum Computing Inc shares had fallen by 16.5% this quarter and lost 3.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 21.4% 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," 1 "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 $18.50, about 13.5% above its last closing price of $16.01

This summary was machine generated from LSEG data August 14 at 09:01 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)