FY2024 EPS Estimates for Sarcos Technology and Robotics Co. (NASDAQ:STRC) Decreased by Jefferies Financial Group

Sarcos Technology and Robotics Co. (NASDAQ:STRCGet Rating) – Analysts at Jefferies Financial Group reduced their FY2024 EPS estimates for Sarcos Technology and Robotics in a research report issued to clients and investors on Thursday, May 12th. Jefferies Financial Group analyst S. Volkmann now anticipates that the company will post earnings of $0.02 per share for the year, down from their previous forecast of $0.03. Jefferies Financial Group also issued estimates for Sarcos Technology and Robotics’ FY2026 earnings at $1.50 EPS.

Sarcos Technology and Robotics (NASDAQ:STRCGet Rating) last released its earnings results on Tuesday, March 29th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). The company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.90 million.

Other research analysts have also issued reports about the company. Credit Suisse Group decreased their target price on Sarcos Technology and Robotics from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, March 30th. Zacks Investment Research upgraded Sarcos Technology and Robotics from a “sell” rating to a “hold” rating in a report on Saturday.

NASDAQ:STRC opened at $3.81 on Monday. The stock has a fifty day moving average price of $5.30 and a 200 day moving average price of $6.71. Sarcos Technology and Robotics has a 12-month low of $2.85 and a 12-month high of $11.80.

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Sarcos Technology and Robotics in the third quarter valued at $10,050,000. Twin Focus Capital Partners LLC acquired a new stake in shares of Sarcos Technology and Robotics during the third quarter worth about $145,000. Castle Creek Arbitrage LLC acquired a new stake in shares of Sarcos Technology and Robotics during the third quarter worth about $99,000. Penserra Capital Management LLC acquired a new stake in shares of Sarcos Technology and Robotics during the third quarter worth about $59,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Sarcos Technology and Robotics during the fourth quarter worth about $120,000. Institutional investors own 35.31% of the company’s stock.

About Sarcos Technology and Robotics (Get Rating)

Sarcos Technology and Robotics Corporation designs, develops, and sells robotic systems. Its robotic systems augment human performance by combining human intelligence, instinct, and judgment with machines to enhance employee safety and productivity. The company's mobile robotic systems include the Guardian XO, a full-body powered exoskeleton; Guardian XT, a highly dexterous mobile robot perform; Guardian GT, a force-multiplying dexterous robotic system; and Guardian S, a remote-controlled visual inspection and surveillance robotic system.

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