Symbotic (SYM) Projected to Post Earnings on Wednesday

Symbotic (NASDAQ:SYM) is projected to post 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Symbotic (NASDAQ:SYM) last posted its quarterly earnings results on Monday, November 18th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate 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 negative net margin of 0.32% and a positive return on equity of 6.49%. The firm’s quarterly revenue was up 47.2% compared to the same quarter last year. During the same period last year, the company posted ($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 Stock Performance

Shares of SYM opened at $29.21 on Tuesday. The firm has a market cap of $17.16 billion, a PE ratio of -486.83, a PEG ratio of 7.29 and a beta of 1.79. The firm’s 50 day moving average price is $27.27 and its 200 day moving average price is $26.92. Symbotic has a twelve month low of $17.11 and a twelve month high of $52.20.

Analyst Ratings Changes

Several brokerages have recently issued reports on SYM. William Blair restated a “market perform” rating on shares of Symbotic in a research note on Thursday, December 5th. Craig Hallum downgraded shares of Symbotic from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Wednesday, November 27th. Needham & Company LLC reiterated a “buy” rating and set a $35.00 price target on shares of Symbotic in a research note on Friday, January 17th. Northland Securities lifted their price target on shares of Symbotic from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Finally, Oppenheimer started coverage on shares of Symbotic in a research note on Wednesday, January 15th. They set an “outperform” rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Symbotic has a consensus rating of “Moderate Buy” and a consensus price target of $38.73.

Insider Activity

In other Symbotic news, Director Todd Krasnow sold 2,000 shares of the firm’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 sale, the director now owns 214,036 shares of the company’s stock, valued at $5,145,425.44. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael David Dunn sold 63,867 shares of the firm’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 sale, the insider now directly owns 24,055 shares in the company, valued at approximately $723,574.40. The trade was a 72.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,952 shares of company stock valued at $2,703,421 in the last 90 days. Insiders own 0.60% of the company’s stock.

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.