Symbotic Expects Q4 Revenue Of $290 Million-$310 Million, Versus Consensus Of 299.68 Million
Portfolio Pulse from Benzinga Newsdesk
Symbotic Inc. (NASDAQ:SYM) forecasts its Q4 revenue to be between $290 million and $310 million, compared to the consensus estimate of $299.68 million. The company also anticipates its adjusted EBITDA to range from $0 million to $3 million.
July 31, 2023 | 11:06 am
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Symbotic's projected Q4 revenue is in line with consensus estimates, which could stabilize its stock price. However, the low EBITDA projection may concern investors.
Symbotic's projected Q4 revenue is within the range of the consensus estimate, which could reassure investors and stabilize the stock price. However, the company's low EBITDA projection, indicating low profitability, could be a concern for investors and may put downward pressure on the stock.
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