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

Symbotic

06/05/2024 22:01

* Symbotic Inc  SYM.OQ  reported a quarterly adjusted loss
of 7
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -10
cents.  The mean expectation of thirteen analysts for the
quarter was for a loss of 5 cents per share. Wall Street
expected results to range from -15 cents to -2 cents per share.
    * Revenue rose 59% to $424.30 million from a year ago;
analysts
expected $412.90 million. 
    * Symbotic Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * The company reported a quarterly loss of $6.58 million.
    * Symbotic Inc shares had fallen by 8.6% this quarter and
lost 19.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 24.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Symbotic Inc is
$55.00 
This summary was machine generated from LSEG data May 6 at 09:00
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
 Mar. 31 2024      -0.05          -0.07          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