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Symbotic Inc. (SYM) closed the latest trading day at $21.15, indicating a -0.09% change from the previous session's end. The stock exceeded the S&P 500, which registered a loss of 0.76% for the day. Meanwhile, the Dow experienced a drop of 1.14%, and the technology-dominated Nasdaq saw a decrease of 0.18%.
The company's stock has dropped by 24.9% in the past month, falling short of the Business Services sector's loss of 9.99% and the S&P 500's loss of 7.29%.
Analysts and investors alike will be keeping a close eye on the performance of Symbotic Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.04, marking an 81.82% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $517.91 million, indicating a 22.06% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.25 per share and revenue of $2.27 billion. These totals would mark changes of +412.5% and +21.89%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Symbotic Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Symbotic Inc. is currently a Zacks Rank #3 (Hold).
With respect to valuation, Symbotic Inc. is currently being traded at a Forward P/E ratio of 86.41. This signifies a premium in comparison to the average Forward P/E of 20.68 for its industry.
We can additionally observe that SYM currently boasts a PEG ratio of 2.88. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. SYM's industry had an average PEG ratio of 1.72 as of yesterday's close.