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Symbotic Inc. (SYM) Declines More Than Market: Some Information for Investors
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Symbotic Inc. (SYM - Free Report) closed the most recent trading day at $49.43, moving -2.27% from the previous trading session. This change lagged the S&P 500's 0.61% loss on the day. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.93%.
Prior to today's trading, shares of the company had lost 7.55% lagged the Business Services sector's loss of 1.77% and the S&P 500's loss of 2.25%.
Investors will be eagerly watching for the performance of Symbotic Inc. in its upcoming earnings disclosure. The company is expected to report EPS of $0.11, up 375% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $660.6 million, reflecting a 20.19% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.48 per share and revenue of $2.76 billion, which would represent changes of -73.63% and +23.04%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Symbotic Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Symbotic Inc. is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Symbotic Inc. currently has a Forward P/E ratio of 105.38. This signifies a premium in comparison to the average Forward P/E of 15.38 for its industry.
Investors should also note that SYM has a PEG ratio of 3.51 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Technology Services industry held an average PEG ratio of 1.31.
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 173, this industry ranks in the bottom 30% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Symbotic Inc. (SYM) Declines More Than Market: Some Information for Investors
Symbotic Inc. (SYM - Free Report) closed the most recent trading day at $49.43, moving -2.27% from the previous trading session. This change lagged the S&P 500's 0.61% loss on the day. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.93%.
Prior to today's trading, shares of the company had lost 7.55% lagged the Business Services sector's loss of 1.77% and the S&P 500's loss of 2.25%.
Investors will be eagerly watching for the performance of Symbotic Inc. in its upcoming earnings disclosure. The company is expected to report EPS of $0.11, up 375% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $660.6 million, reflecting a 20.19% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.48 per share and revenue of $2.76 billion, which would represent changes of -73.63% and +23.04%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Symbotic Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Symbotic Inc. is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Symbotic Inc. currently has a Forward P/E ratio of 105.38. This signifies a premium in comparison to the average Forward P/E of 15.38 for its industry.
Investors should also note that SYM has a PEG ratio of 3.51 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Technology Services industry held an average PEG ratio of 1.31.
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 173, this industry ranks in the bottom 30% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.