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Symbotic Inc. (SYM) Laps the Stock Market: Here's Why
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Symbotic Inc. (SYM - Free Report) ended the recent trading session at $42.14, demonstrating a +2.18% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 1.18% for the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 2.07%.
The stock of company has fallen by 11.17% in the past month, lagging the Business Services sector's loss of 0.5% and the S&P 500's loss of 2.9%.
The investment community will be closely monitoring the performance of Symbotic Inc. in its forthcoming earnings report. The company is predicted to post an EPS of $0.12, indicating a 340% growth compared to the equivalent quarter last year. 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 entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.5 per share and a revenue of $2.79 billion, representing 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. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Symbotic Inc. currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Symbotic Inc. is currently being traded at a Forward P/E ratio of 82.89. This denotes a premium relative to the industry average Forward P/E of 16.86.
Investors should also note that SYM has a PEG ratio of 2.76 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SYM's industry had an average PEG ratio of 1.45 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 163, positioning it in the bottom 34% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Symbotic Inc. (SYM) Laps the Stock Market: Here's Why
Symbotic Inc. (SYM - Free Report) ended the recent trading session at $42.14, demonstrating a +2.18% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 1.18% for the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 2.07%.
The stock of company has fallen by 11.17% in the past month, lagging the Business Services sector's loss of 0.5% and the S&P 500's loss of 2.9%.
The investment community will be closely monitoring the performance of Symbotic Inc. in its forthcoming earnings report. The company is predicted to post an EPS of $0.12, indicating a 340% growth compared to the equivalent quarter last year. 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 entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.5 per share and a revenue of $2.79 billion, representing 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. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Symbotic Inc. currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Symbotic Inc. is currently being traded at a Forward P/E ratio of 82.89. This denotes a premium relative to the industry average Forward P/E of 16.86.
Investors should also note that SYM has a PEG ratio of 2.76 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SYM's industry had an average PEG ratio of 1.45 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 163, positioning it in the bottom 34% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.