Symbotic Inc expected to post a loss of 6 cents a share - Earnings Preview
02/02/2024 21:15
* Symbotic Inc SYM.OQ SYM.O is expected to show a rise
in
quarterly revenue when it reports results on February 5 for the
period ending December 31 2023
* The Wilmington Massachusetts-based company is expected to
report a 78.8% increase in revenue to $368.858 million from
$206.31 million a year ago, according to the mean estimate from
14 analysts, based on LSEG data.The company's guidance on
November 20 2023, for the period ended December 31, was for
revenue between $350.00 million and $370.00 million.
* LSEG's mean analyst estimate for Symbotic Inc is for a
loss
of 6 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"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
$58.00, above its last closing price of $46.82.
The company's guidance on November 20 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD350 million and
USD14 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
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. 31 2022 -0.05 -0.06 -0.09 Missed -59.9
Sep. -0.04 -0.04 -0.10 Missed -124.7
30 2022
This summary was machine generated February 2 at 21:14 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)