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Symbotic Inc. (SYM) Stock Declines While Market Improves: Some Information for Investors
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Symbotic Inc. (SYM - Free Report) closed the most recent trading day at $53.61, moving -1.72% from the previous trading session. This change lagged the S&P 500's daily gain of 0.62%. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.83%.
Heading into today, shares of the company had gained 6.94% over the past month, outpacing the Business Services sector's loss of 4.48% and the S&P 500's gain of 0.8%.
The upcoming earnings release of Symbotic Inc. will be of great interest to investors. The company is predicted to post an EPS of $0.11, indicating a 375% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $660.6 million, indicating a 20.19% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.48 per share and revenue of $2.76 billion. These totals would mark changes of -73.63% and +23.04%, respectively, from last 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Symbotic Inc. is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Symbotic Inc. is presently trading at a Forward P/E ratio of 113.65. This signifies a premium in comparison to the average Forward P/E of 15.7 for its industry.
Meanwhile, SYM's PEG ratio is currently 3.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Technology Services industry had an average PEG ratio of 1.35.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 194, placing it within the bottom 21% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Symbotic Inc. (SYM) Stock Declines While Market Improves: Some Information for Investors
Symbotic Inc. (SYM - Free Report) closed the most recent trading day at $53.61, moving -1.72% from the previous trading session. This change lagged the S&P 500's daily gain of 0.62%. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.83%.
Heading into today, shares of the company had gained 6.94% over the past month, outpacing the Business Services sector's loss of 4.48% and the S&P 500's gain of 0.8%.
The upcoming earnings release of Symbotic Inc. will be of great interest to investors. The company is predicted to post an EPS of $0.11, indicating a 375% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $660.6 million, indicating a 20.19% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.48 per share and revenue of $2.76 billion. These totals would mark changes of -73.63% and +23.04%, respectively, from last 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Symbotic Inc. is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Symbotic Inc. is presently trading at a Forward P/E ratio of 113.65. This signifies a premium in comparison to the average Forward P/E of 15.7 for its industry.
Meanwhile, SYM's PEG ratio is currently 3.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Technology Services industry had an average PEG ratio of 1.35.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 194, placing it within the bottom 21% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.