In the latest trading session, Symbotic Inc. (SYM) closed at $39.68, marking a +2.14% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.11%. At the same time, the Dow added 0.91%, and the tech-heavy Nasdaq lost 0.82%.
Coming into today, shares of the company had gained 32.41% in the past month. In that same time, the Business Services sector lost 0.76%, while the S&P 500 gained 5.17%.
Analysts and investors alike will be keeping a close eye on the performance of Symbotic Inc. in its upcoming earnings disclosure. On that day, Symbotic Inc. is projected to report earnings of $0.03 per share, which would represent year-over-year growth of 250%. Our most recent consensus estimate is calling for quarterly revenue of $536.41 million, up 9.06% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.2 per share and revenue of $2.22 billion, indicating changes of +350% and +19.32%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Symbotic Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Symbotic Inc. is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Symbotic Inc. is presently trading at a Forward P/E ratio of 192.65. This expresses a premium compared to the average Forward P/E of 20.8 of its industry.
We can also see that SYM currently has a PEG ratio of 6.42. 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 1.47 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 43, finds itself in the top 18% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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