Symbotic (SYM) Projected to Post Earnings on Wednesday

Symbotic (NASDAQ:SYM) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Symbotic to post earnings of ($0.04) per share and revenue of $490.04 million for the quarter. Symbotic has set its Q1 2025 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Symbotic (NASDAQ:SYM) last announced its quarterly earnings data on Monday, November 18th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $576.77 million during the quarter, compared to analysts’ expectations of $470.24 million. Symbotic had a positive return on equity of 6.49% and a negative net margin of 0.32%. The firm’s quarterly revenue was up 47.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) earnings per share. On average, analysts expect Symbotic to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Symbotic Trading Down 0.5 %

Shares of NASDAQ:SYM opened at $29.21 on Tuesday. The stock has a fifty day simple moving average of $27.27 and a two-hundred day simple moving average of $26.92. The stock has a market capitalization of $17.16 billion, a price-to-earnings ratio of -486.83, a PEG ratio of 7.29 and a beta of 1.79. Symbotic has a 12-month low of $17.11 and a 12-month high of $52.20.

Wall Street Analysts Forecast Growth

SYM has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $35.00 price target on shares of Symbotic in a research note on Friday, January 17th. Oppenheimer initiated coverage on Symbotic in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $35.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $60.00 price target on shares of Symbotic in a research note on Thursday, January 23rd. Craig Hallum cut Symbotic from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research note on Wednesday, November 27th. Finally, Northland Securities boosted their price target on Symbotic from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.73.

Insider Buying and Selling at Symbotic

In other news, Director Todd Krasnow sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $24.04, for a total value of $48,080.00. Following the transaction, the director now directly owns 214,036 shares in the company, valued at $5,145,425.44. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael David Dunn sold 63,867 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $30.08, for a total value of $1,921,119.36. Following the completion of the transaction, the insider now owns 24,055 shares in the company, valued at $723,574.40. The trade was a 72.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,952 shares of company stock valued at $2,703,421. Company insiders own 0.60% of the company’s stock.

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.