Symbotic Inc. (SYM) closed the most recent trading day at $47.81, moving +1.38% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.28%. Meanwhile, the Dow experienced a rise of 0.43%, and the technology-dominated Nasdaq saw an increase of 0.09%.
Prior to today's trading, shares of the company had gained 63.75% outpaced the Business Services sector's loss of 1.4% and the S&P 500's gain of 4.37%.
The investment community will be paying close attention to the earnings performance of Symbotic Inc. in its upcoming release. In that report, analysts expect Symbotic Inc. to post earnings of $0.03 per share. This would mark year-over-year growth of 250%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $535.6 million, up 8.89% from the year-ago period.
SYM's full-year Zacks Consensus Estimates are calling for earnings of $0.21 per share and revenue of $2.22 billion. These results would represent year-over-year changes of +362.5% and +19.32%, respectively.
Any recent changes to analyst estimates for Symbotic Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 60% higher. Symbotic Inc. is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Symbotic Inc.'s current valuation metrics, including its Forward P/E ratio of 230.05. This expresses a premium compared to the average Forward P/E of 21.36 of its industry.
Investors should also note that SYM has a PEG ratio of 7.67 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Technology Services industry currently had an average PEG ratio of 1.57 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 51, placing it within the top 21% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Symbotic Inc. (SYM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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