Symbotic (NASDAQ:SYM – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Monday, July 29th. Analysts expect the company to announce earnings of $0.00 per share for the quarter. Symbotic has set its Q3 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Symbotic (NASDAQ:SYM – Get Free Report) last posted its earnings results on Monday, May 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.25. The company had revenue of $424.30 million for the quarter, compared to analyst estimates of $415.98 million. Symbotic had a negative net margin of 1.27% and a positive return on equity of 5.27%. 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
NASDAQ:SYM opened at $38.80 on Friday. The firm has a market capitalization of $22.68 billion, a price-to-earnings ratio of -161.66 and a beta of 1.87. The company’s 50-day moving average is $37.73 and its two-hundred day moving average is $41.33. Symbotic has a 1-year low of $29.62 and a 1-year high of $64.14.
Insider Transactions at Symbotic
Analyst Ratings Changes
A number of research firms recently commented on SYM. Deutsche Bank Aktiengesellschaft increased their target price on shares of Symbotic from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. William Blair reaffirmed a “market perform” rating on shares of Symbotic in a research report on Friday, May 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $54.00 target price on shares of Symbotic in a research report on Tuesday, May 7th. Vertical Research initiated coverage on shares of Symbotic in a research note on Tuesday, July 23rd. They set a “hold” rating and a $45.00 price target for the company. Finally, Robert W. Baird increased their price target on shares of Symbotic from $52.00 to $53.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.50.
Read Our Latest Stock Analysis on SYM
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.
Recommended Stories
- Five stocks we like better than Symbotic
- What is the Shanghai Stock Exchange Composite Index?
- Why Call Options Volume for These 2 Stocks Spiked Together
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- MarketBeat Week in Review – 7/22 – 7/26
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
Receive News & Ratings for Symbotic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symbotic and related companies with MarketBeat.com's FREE daily email newsletter.