Symbotic (NASDAQ:SYM – Get Free Report) will post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Symbotic to post earnings of ($0.03) per share for the quarter. Symbotic has set its Q2 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.
Symbotic (NASDAQ:SYM – Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $368.45 million during the quarter, compared to analysts’ expectations 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 Trading Up 2.9 %
NASDAQ:SYM opened at $41.13 on Friday. Symbotic has a 12-month low of $23.58 and a 12-month high of $64.14. The firm has a market cap of $23.73 billion, a PE ratio of -152.33 and a beta of 1.97. The stock has a fifty day moving average price of $42.99 and a 200 day moving average price of $44.19.
Insider Buying and Selling at Symbotic
Wall Street Analyst Weigh In
SYM has been the subject of a number of research reports. The Goldman Sachs Group reduced their price objective on Symbotic from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. KeyCorp reduced their price target on Symbotic from $63.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $60.00 target price on shares of Symbotic in a report on Tuesday, February 6th. William Blair restated a “market perform” rating on shares of Symbotic in a report on Tuesday, February 6th. Finally, Northland Securities lifted their target price on shares of Symbotic from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.
View Our Latest Stock Analysis on Symbotic
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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