Earnings Outlook For Symbotic
Portfolio Pulse from Benzinga Insights
Symbotic (NASDAQ:SYM) is scheduled to release its quarterly earnings report on February 5, 2024, with an expected EPS of $-0.06. Analysts and investors are keen on not just the earnings beat but also the forward guidance. Historically, Symbotic's share price has reacted significantly to its earnings performance, with a notable 40.15% increase after last quarter's earnings beat. Over the past year, SYM shares have surged by 209.79%, indicating strong investor confidence. The upcoming earnings report is highly anticipated for its potential impact on stock performance.
February 02, 2024 | 4:01 pm
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Symbotic is expected to report an EPS of $-0.06 for the upcoming quarter. Historical data shows significant stock price movements post-earnings announcements. With a 209.79% increase over the last year, investor sentiment is positive.
Given Symbotic's history of stock price increases following earnings beats and the significant 209.79% rise over the past year, the upcoming earnings report is likely to have a positive short-term impact on SYM's stock price, especially if the company beats the EPS estimate and provides positive guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100