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Symbotic Inc. (SYM) Laps the Stock Market: Here's Why
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Symbotic Inc. (SYM - Free Report) closed the most recent trading day at $59.00, moving +1.39% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.88%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 1.31%.
Shares of the company have appreciated by 6.34% over the course of the past month, underperforming the Business Services sector's gain of 6.72%, and outperforming the S&P 500's gain of 2.48%.
Investors will be eagerly watching for the performance of Symbotic Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.09, showcasing a 400% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $622.31 million, indicating a 27.86% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.42 per share and a revenue of $2.72 billion, indicating changes of -76.92% and +21.1%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Symbotic Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 40.66% downward. At present, Symbotic Inc. boasts a Zacks Rank of #4 (Sell).
In the context of valuation, Symbotic Inc. is at present trading with a Forward P/E ratio of 140.22. Its industry sports an average Forward P/E of 18.91, so one might conclude that Symbotic Inc. is trading at a premium comparatively.
It's also important to note that SYM currently trades at a PEG ratio of 4.67. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Technology Services industry had an average PEG ratio of 1.75 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 37% echelons 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Symbotic Inc. (SYM) Laps the Stock Market: Here's Why
Symbotic Inc. (SYM - Free Report) closed the most recent trading day at $59.00, moving +1.39% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.88%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 1.31%.
Shares of the company have appreciated by 6.34% over the course of the past month, underperforming the Business Services sector's gain of 6.72%, and outperforming the S&P 500's gain of 2.48%.
Investors will be eagerly watching for the performance of Symbotic Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.09, showcasing a 400% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $622.31 million, indicating a 27.86% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.42 per share and a revenue of $2.72 billion, indicating changes of -76.92% and +21.1%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Symbotic Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 40.66% downward. At present, Symbotic Inc. boasts a Zacks Rank of #4 (Sell).
In the context of valuation, Symbotic Inc. is at present trading with a Forward P/E ratio of 140.22. Its industry sports an average Forward P/E of 18.91, so one might conclude that Symbotic Inc. is trading at a premium comparatively.
It's also important to note that SYM currently trades at a PEG ratio of 4.67. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Technology Services industry had an average PEG ratio of 1.75 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 37% echelons 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.