Earnings Outlook For Symbotic
Portfolio Pulse from Benzinga Insights
Symbotic (NASDAQ:SYM) is scheduled to release its quarterly earnings report on Monday, 2023-11-20, with analysts expecting an EPS of $-0.12. Investors are looking for an earnings beat and positive guidance for the next quarter. Symbotic's stock performance has been strong over the last year, with shares up 269.14%. However, past earnings misses have led to significant share price drops the following day.

November 17, 2023 | 2:01 pm
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Symbotic is expected to report an EPS of $-0.12 for the latest quarter. Past earnings misses have negatively impacted the stock price the following day. Shares have risen 269.14% over the last 52 weeks, indicating a positive long-term trend.
The expected EPS of $-0.12 sets a cautious tone for the short-term performance of SYM's stock. Historical data shows that past earnings misses have led to immediate drops in stock price, suggesting that the upcoming earnings report could have a similar effect if expectations are not met. However, the strong long-term performance may mitigate the impact of a potential earnings miss. The importance is high due to the potential for significant price movement, but confidence is not at the maximum because stock price movements can be unpredictable and influenced by many factors beyond earnings reports.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100