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Symbotic Inc. (SYM) Dips More Than Broader Market: What You Should Know
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Symbotic Inc. (SYM - Free Report) ended the recent trading session at $40.20, demonstrating a -3.55% change from the preceding day's closing price. This change lagged the S&P 500's 0.37% loss on the day. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq depreciated by 1.33%.
The company's stock has dropped by 22.86% in the past month, falling short of the Business Services sector's loss of 1.59% and the S&P 500's gain of 2.02%.
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 are projecting earnings of $0.5 per share and revenue of $2.79 billion, which would represent changes of -72.53% and +24.13%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Symbotic Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Symbotic Inc. holds a Zacks Rank of #3 (Hold).
In terms of valuation, Symbotic Inc. is currently trading at a Forward P/E ratio of 83.78. This indicates a premium in contrast to its industry's Forward P/E of 16.05.
Meanwhile, SYM's PEG ratio is currently 2.79. 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. As of the close of trade yesterday, the Technology Services industry held an average PEG ratio of 1.43.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 30% of all 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Symbotic Inc. (SYM) Dips More Than Broader Market: What You Should Know
Symbotic Inc. (SYM - Free Report) ended the recent trading session at $40.20, demonstrating a -3.55% change from the preceding day's closing price. This change lagged the S&P 500's 0.37% loss on the day. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq depreciated by 1.33%.
The company's stock has dropped by 22.86% in the past month, falling short of the Business Services sector's loss of 1.59% and the S&P 500's gain of 2.02%.
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 are projecting earnings of $0.5 per share and revenue of $2.79 billion, which would represent changes of -72.53% and +24.13%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Symbotic Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Symbotic Inc. holds a Zacks Rank of #3 (Hold).
In terms of valuation, Symbotic Inc. is currently trading at a Forward P/E ratio of 83.78. This indicates a premium in contrast to its industry's Forward P/E of 16.05.
Meanwhile, SYM's PEG ratio is currently 2.79. 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. As of the close of trade yesterday, the Technology Services industry held an average PEG ratio of 1.43.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 30% of all 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.