We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Symbotic Inc. (SYM) Declines More Than Market: Some Information for Investors
Read MoreHide Full Article
In the latest close session, Symbotic Inc. (SYM - Free Report) was down 4.39% at $40.76. This change lagged the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq lost 0.44%.
Prior to today's trading, shares of the company had gained 1.19% outpaced the Business Services sector's loss of 0.6% and lagged the S&P 500's gain of 2.36%.
Investors will be eagerly watching for the performance of Symbotic Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.16, indicating a 69.81% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $772.85 million, up 24.96% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.58 per share and revenue of $2.81 billion. These totals would mark changes of -68.13% and +24.94%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Symbotic Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 has remained steady. Symbotic Inc. is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Symbotic Inc. is currently trading at a Forward P/E ratio of 57.22. Its industry sports an average Forward P/E of 15.88, so one might conclude that Symbotic Inc. is trading at a premium comparatively.
It is also worth noting that SYM currently has a PEG ratio of 1.91. 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. SYM's industry had an average PEG ratio of 1.23 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 36% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Symbotic Inc. (SYM) Declines More Than Market: Some Information for Investors
In the latest close session, Symbotic Inc. (SYM - Free Report) was down 4.39% at $40.76. This change lagged the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq lost 0.44%.
Prior to today's trading, shares of the company had gained 1.19% outpaced the Business Services sector's loss of 0.6% and lagged the S&P 500's gain of 2.36%.
Investors will be eagerly watching for the performance of Symbotic Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.16, indicating a 69.81% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $772.85 million, up 24.96% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.58 per share and revenue of $2.81 billion. These totals would mark changes of -68.13% and +24.94%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Symbotic Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 has remained steady. Symbotic Inc. is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Symbotic Inc. is currently trading at a Forward P/E ratio of 57.22. Its industry sports an average Forward P/E of 15.88, so one might conclude that Symbotic Inc. is trading at a premium comparatively.
It is also worth noting that SYM currently has a PEG ratio of 1.91. 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. SYM's industry had an average PEG ratio of 1.23 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 36% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.