IonQ, Inc. (IONQ) shares soared 6.9% in the last trading session to close at $32.33. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.9% gain over the past four weeks.

The upswing in share-price came after Peter Chapman, IonQ's chairman and CEO, who issued a statement on Jan. 10 saying that IonQ will be profitable, with sales approaching $1 billion, by 2030. He also delivered bullish quantum computing forecast for 2025.

This company is expected to post quarterly loss of $0.25 per share in its upcoming report, which represents a year-over-year change of -25%. Revenues are expected to be $9.14 million, up 49.6% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For IonQ, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on IONQ going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

IonQ is a member of the Zacks Computer - Integrated Systems industry. One other stock in the same industry, ZoomInfo (ZI), finished the last trading session 1.9% lower at $9.43. ZI has returned -9.4% over the past month.

ZoomInfo's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.23. Compared to the company's year-ago EPS, this represents a change of -11.5%. ZoomInfo currently boasts a Zacks Rank of #3 (Hold).

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