Symbotic Inc reports results for the quarter ended in December - Earnings Summary

Symbotic

05/02/2024 22:02

* Symbotic Inc  SYM.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -9
cents.  The mean expectation of thirteen analysts for the
quarter was for a loss of 6 cents per share. Wall Street
expected results to range from -19 cents to -1 cents per share.
    * Revenue rose 78.6% to $368.45 million from a year ago;
analysts
expected $368.86 million. 
    * Symbotic Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $1.93 million.
    * Symbotic Inc shares had fallen by 1.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Symbotic
Inc is
$58.00 

This summary was machine generated from LSEG data February 5 at
10:02 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.06          -0.02          Beat
 Sep. 30 2023      -0.12          -0.08          Beat
 Jun. 30 2023      -0.06          -0.07          Missed
 Mar. 31 2023      -0.03          -0.10          Missed