We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why Symbotic Inc. (SYM) Fell More Than Broader Market
Read MoreHide Full Article
In the latest trading session, Symbotic Inc. (SYM - Free Report) closed at $63.80, marking a -4.98% move from the previous day. This change lagged the S&P 500's 2.71% loss on the day. On the other hand, the Dow registered a loss of 1.9%, and the technology-centric Nasdaq decreased by 3.56%.
Heading into today, shares of the company had gained 37.27% over the past month, outpacing the Business Services sector's loss of 2.46% and the S&P 500's gain of 3.5%.
The investment community will be closely monitoring the performance of Symbotic Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.07, marking a 40% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $600.16 million, indicating a 4.05% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.24 per share and revenue of $2.23 billion, indicating changes of +400% and 0%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Symbotic Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Symbotic Inc. presently features a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Symbotic Inc. currently has a Forward P/E ratio of 168.91. This valuation marks a premium compared to its industry average Forward P/E of 22.23.
It's also important to note that SYM currently trades at a PEG ratio of 5.63. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Technology Services stocks are, on average, holding a PEG ratio of 1.83 based on yesterday's closing prices.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why Symbotic Inc. (SYM) Fell More Than Broader Market
In the latest trading session, Symbotic Inc. (SYM - Free Report) closed at $63.80, marking a -4.98% move from the previous day. This change lagged the S&P 500's 2.71% loss on the day. On the other hand, the Dow registered a loss of 1.9%, and the technology-centric Nasdaq decreased by 3.56%.
Heading into today, shares of the company had gained 37.27% over the past month, outpacing the Business Services sector's loss of 2.46% and the S&P 500's gain of 3.5%.
The investment community will be closely monitoring the performance of Symbotic Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.07, marking a 40% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $600.16 million, indicating a 4.05% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.24 per share and revenue of $2.23 billion, indicating changes of +400% and 0%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Symbotic Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Symbotic Inc. presently features a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Symbotic Inc. currently has a Forward P/E ratio of 168.91. This valuation marks a premium compared to its industry average Forward P/E of 22.23.
It's also important to note that SYM currently trades at a PEG ratio of 5.63. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Technology Services stocks are, on average, holding a PEG ratio of 1.83 based on yesterday's closing prices.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.