Symbotic Inc expected to post earnings of 3 cents a share - Earnings Preview
26/07/2024 23:31
* Symbotic Inc SYM.OQ SYM.O is expected to show a rise
in
quarterly revenue when it reports results on July 29 for the
period ending June 30 2024
* The Wilmington Massachusetts-based company is expected to
report a 49.0% increase in revenue to $464.55 million from
$311.84 million a year ago, according to the mean estimate from
15 analysts, based on LSEG data.The company's guidance on May 6
2024, for the period ended June 30, was for revenue between
$450.00 million and $470.00 million.
* LSEG's mean analyst estimate for Symbotic Inc is for
earnings
of 3 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 4
"hold" and 1 "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 $38.80.
The company's guidance on May 6 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD450 million and USD29 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
Mar. 31 2024 -0.03 -0.04 -0.05 Missed -34.6
Dec. 31 2024 -0.05 -0.06 -0.02 Beat 68.9
Jan. 1 0001 -0.11 -0.12 -0.08 Beat 30.9
Jun. 30 2023 -0.07 -0.06 -0.07 Missed -8.6
Jan. -0.03 -0.03 -0.10 Missed -260
1 0001
Dec. 31 2022 -0.05 -0.06 -0.09 Missed -59.9
Sep. 30 2022 -0.04 -0.04 -0.10 Missed -124.7
This summary was machine generated July 26 at 22:31 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)