Symbotic (NASDAQ:SYM – Get Free Report) will release its earnings data 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.Investors interested in registering for the company’s conference call can do so using this link.
Symbotic (NASDAQ:SYM – Get Free Report) last issued its earnings results on Monday, February 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $368.45 million for 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 Stock Performance
Shares of SYM stock opened at $40.19 on Monday. The firm’s 50-day moving average is $43.13 and its 200-day moving average is $44.29. The stock 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 52-week low of $22.40 and a 52-week high of $64.14.
Insider Buying and Selling
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Symbotic from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $60.00 price target on shares of Symbotic in a research report on Tuesday, February 6th. The Goldman Sachs Group reduced their price target on shares of Symbotic from $51.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. KeyCorp cut their target price on shares of Symbotic from $63.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Finally, Needham & Company LLC cut their target price on shares of Symbotic from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.00.
Get Our Latest Research Report on Symbotic
About Symbotic
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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