Symbotic Inc expected to post a loss of 5 cents a share - Earnings Preview
04/05/2024 03:01
* Symbotic Inc SYM.OQ SYM.O is expected to show a rise
in
quarterly revenue when it reports results on May 6 for the
period ending March 31 2024
* The Wilmington Massachusetts-based company is expected to
report a 54.7% increase in revenue to $412.903 million from
$266.85 million a year ago, according to the mean estimate from
14 analysts, based on LSEG data.The company's guidance on
February 5 2024, for the period ended March 31, was for revenue
between $400.00 million and $420.00 million.
* LSEG's mean analyst estimate for Symbotic Inc is for a
loss
of 5 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Symbotic
Inc is
$55.00, above its last closing price of $41.13.
The company's guidance on February 5 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD400 million and USD15 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 -0.05 -0.06 -0.02 Beat 68.9
Sep. 30 2023 -0.11 -0.12 -0.08 Beat 30.9
Jun. 30 2023 -0.07 -0.06 -0.07 Missed -8.6
Mar. 31 2023 -0.03 -0.03 -0.10 Missed -260
Dec. -0.05 -0.06 -0.09 Missed -59.9
31 2022
Jan. 1 0001 -0.04 -0.04 -0.10 Missed -124.7
This summary was machine generated May 4 at 02:01 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)