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Symbotic Inc. (SYM) Outperforms Broader Market: What You Need to Know
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Symbotic Inc. (SYM - Free Report) closed at $39.69 in the latest trading session, marking a +1.74% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.28%. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq lost 0.02%.
Coming into today, shares of the company had lost 11.26% in the past month. In that same time, the Business Services sector gained 0.6%, while the S&P 500 gained 0.67%.
Market participants will be closely following the financial results of Symbotic Inc. in its upcoming release. On that day, Symbotic Inc. is projected to report earnings of $0.16 per share, which would represent a year-over-year decline of 69.81%. Meanwhile, the latest consensus estimate predicts the revenue to be $772.85 million, indicating a 24.96% increase compared to the same quarter of the previous year.
SYM's full-year Zacks Consensus Estimates are calling for earnings of $0.58 per share and revenue of $2.81 billion. These results would represent year-over-year changes of -68.13% and +24.94%, respectively.
It is also important to note the recent changes to analyst estimates for Symbotic Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 moved 17.5% higher. Symbotic Inc. is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Symbotic Inc. is presently being traded at a Forward P/E ratio of 52.36. This expresses a premium compared to the average Forward P/E of 15.76 of its industry.
We can additionally observe that SYM currently boasts a PEG ratio of 1.75. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Technology Services was holding an average PEG ratio of 1.16 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 94, finds itself in the top 39% echelons 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.
To follow SYM in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Symbotic Inc. (SYM) Outperforms Broader Market: What You Need to Know
Symbotic Inc. (SYM - Free Report) closed at $39.69 in the latest trading session, marking a +1.74% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.28%. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq lost 0.02%.
Coming into today, shares of the company had lost 11.26% in the past month. In that same time, the Business Services sector gained 0.6%, while the S&P 500 gained 0.67%.
Market participants will be closely following the financial results of Symbotic Inc. in its upcoming release. On that day, Symbotic Inc. is projected to report earnings of $0.16 per share, which would represent a year-over-year decline of 69.81%. Meanwhile, the latest consensus estimate predicts the revenue to be $772.85 million, indicating a 24.96% increase compared to the same quarter of the previous year.
SYM's full-year Zacks Consensus Estimates are calling for earnings of $0.58 per share and revenue of $2.81 billion. These results would represent year-over-year changes of -68.13% and +24.94%, respectively.
It is also important to note the recent changes to analyst estimates for Symbotic Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 moved 17.5% higher. Symbotic Inc. is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Symbotic Inc. is presently being traded at a Forward P/E ratio of 52.36. This expresses a premium compared to the average Forward P/E of 15.76 of its industry.
We can additionally observe that SYM currently boasts a PEG ratio of 1.75. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Technology Services was holding an average PEG ratio of 1.16 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 94, finds itself in the top 39% echelons 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.
To follow SYM in the coming trading sessions, be sure to utilize Zacks.com.