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Symbotic Inc. (SYM) Stock Slides as Market Rises: Facts to Know Before You Trade
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Symbotic Inc. (SYM - Free Report) closed the most recent trading day at $41.63, moving -2.8% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.5% for the day. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.31%.
The company's shares have seen a decrease of 14.6% over the last month, not keeping up with the Business Services sector's loss of 1.84% and the S&P 500's loss of 0.23%.
The investment community will be closely monitoring the performance of Symbotic Inc. in its forthcoming earnings report. The company is expected to report EPS of $0.12, up 340% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $714.76 million, indicating a 20.71% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.5 per share and a revenue of $2.79 billion, demonstrating changes of -72.53% and +24.13%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Symbotic Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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, there's been no change in the Zacks Consensus EPS estimate. As of now, Symbotic Inc. holds a Zacks Rank of #3 (Hold).
Looking at valuation, Symbotic Inc. is presently trading at a Forward P/E ratio of 86.09. This indicates a premium in contrast to its industry's Forward P/E of 15.5.
It is also worth noting that SYM currently has a PEG ratio of 2.87. 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. SYM's industry had an average PEG ratio of 1.42 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 158, placing it within the bottom 36% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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 Slides as Market Rises: Facts to Know Before You Trade
Symbotic Inc. (SYM - Free Report) closed the most recent trading day at $41.63, moving -2.8% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.5% for the day. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.31%.
The company's shares have seen a decrease of 14.6% over the last month, not keeping up with the Business Services sector's loss of 1.84% and the S&P 500's loss of 0.23%.
The investment community will be closely monitoring the performance of Symbotic Inc. in its forthcoming earnings report. The company is expected to report EPS of $0.12, up 340% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $714.76 million, indicating a 20.71% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.5 per share and a revenue of $2.79 billion, demonstrating changes of -72.53% and +24.13%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Symbotic Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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, there's been no change in the Zacks Consensus EPS estimate. As of now, Symbotic Inc. holds a Zacks Rank of #3 (Hold).
Looking at valuation, Symbotic Inc. is presently trading at a Forward P/E ratio of 86.09. This indicates a premium in contrast to its industry's Forward P/E of 15.5.
It is also worth noting that SYM currently has a PEG ratio of 2.87. 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. SYM's industry had an average PEG ratio of 1.42 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 158, placing it within the bottom 36% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.