Symbotic (NASDAQ:SYM – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Symbotic has set its Q2 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.
Symbotic (NASDAQ:SYM – Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $368.45 million during the quarter, compared to analyst estimates of $370.28 million. Symbotic had a negative net margin of 1.39% and a negative return on equity of 35.06%. On average, analysts expect Symbotic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Symbotic Price Performance
Shares of Symbotic stock opened at $40.19 on Monday. The company has a 50-day moving average of $43.13 and a 200 day moving average of $44.29. The firm has a market cap of $23.19 billion, a price-to-earnings ratio of -148.85 and a beta of 1.91. Symbotic has a 1 year low of $22.40 and a 1 year high of $64.14.
Insider Buying and Selling
Analyst Upgrades and Downgrades
A number of research firms have weighed in on SYM. DA Davidson upgraded shares of Symbotic from a “neutral” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Wednesday, February 7th. Needham & Company LLC reduced their price objective on shares of Symbotic from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Robert W. Baird reduced their price objective on shares of Symbotic from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. KeyCorp reduced their price objective on shares of Symbotic from $63.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Finally, The Goldman Sachs Group reduced their price objective on shares of Symbotic from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.00.
Check Out Our Latest Report on SYM
Symbotic Company Profile
Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.
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