Streetbeat News

SYM

Symbotic Inc.

https://www.symbotic.com

Industry

Shell Companies

Symbotic Inc., an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. It offers The Symbotic System, a full-service warehouse automation system that reduces costs, improves efficiency, and maximizes inventory. The company is based in Wilmington, Massachusetts.

Open

21.50

Mkt cap

13B

Volume

1.5M

High

21.85

P/E Ratio

-154.64

52-wk high

50.41

Low

21.15

Div yield

N/A

52-wk low

17.11

Symbotic's stock trades lower following mixed financial results for Q1.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:28 pm

Symbotic (NASDAQ:SYM) reported Q1 earnings with an EPS of $-0.02, beating estimates by 66.67% and showing significant revenue growth of $162.14 million from the previous year. The company has a history of surpassing EPS estimates, leading to substantial share price increases.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:20 pm

Symbotic (NASDAQ:SYM) reported Q1 EPS of $(0.02), beating estimates of $(0.06) and marking an 83.33% improvement from last year. However, their sales of $368.45M slightly missed estimates by 0.11%, despite being a 78.59% increase from the previous year.

Portfolio Pulse from totan@benzinga.com

February 05, 2024 | 9:17 pm

Earnings reports for February 5, 2024, include a mix of expected profits and losses across various sectors. Notable companies like McDonald's, Tyson Foods, and Caterpillar are among those reporting, with a range of earnings per share and revenue projections.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 10:20 am

Today's whale activity in the Industrials sector highlighted unusual options trading for several companies, including bearish, bullish, and neutral sentiments across various expiration dates and strike prices. Notable trades were observed in CAT, BE, UBER, AAL, CPRT, SYM, BA, HTZ, VRT, and DE, with significant total trade prices and volumes indicating potential market movements.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 5:35 pm

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.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 4:01 pm

Shares of companies in the industrial sector are trading lower due to potential profit-taking after a recent market rally. This trend affects multiple companies across the sector.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:49 pm

Symbotic Inc. (NASDAQ:SYM) stock is trading higher, continuing an uptrend since mid-November. The rise is attributed to overall market strength due to softer October inflation data and the company's Q4 sales results, which exceeded expectations with revenue of $392 million against the forecasted $306.9 million. Earnings per share also beat estimates with a loss of eight cents compared to the anticipated 12 cents loss. Analysts from Goldman Sachs and Keybanc have raised their price targets for SYM, contributing to the stock's positive momentum. SYM shares were up 12.8% at $58.03 at the time of publication.

Portfolio Pulse from Ryan Gustafson

November 27, 2023 | 8:49 pm

Symbotic (NASDAQ:SYM) has received mixed analyst ratings in the last quarter, with 1 bullish, 3 somewhat bullish, and 4 indifferent. No somewhat bearish or bearish ratings were reported. Over the past three months, 8 analysts have set a 12-month price target for SYM, averaging $48.5, with a high of $63.00 and a low of $36.00. The average price target has increased by 12.27% over the past month.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 3:00 pm

Goldman Sachs analyst Mark Delaney has maintained a Neutral rating on Symbotic (NASDAQ:SYM) and increased the price target from $36 to $40.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:33 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.