Symbotic Inc reports results for the quarter ended June 30 - Earnings Summary

Symbotic

18/11/2024 22:40

* Symbotic Inc  SYM.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended June 30, higher than the
same quarter last year, when the company reported EPS of -8
cents.  The mean expectation of fifteen analysts for the quarter
was for earnings of 3 cents per share. Wall Street expected
results to range from zero cents to 7 cents per share.
    * Revenue rose 57.7% to $491.86 million from a year ago;
analysts
expected $470.28 million. 
    * Symbotic Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported quarterly net income of $4.99
million.
    * Symbotic Inc shares had risen by 20.9% this quarter and
lost 42.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 4
"hold" and 1 "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
$40.50 
This summary was machine generated from LSEG data November 18 at
10:39 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
 Jun. 30 2024      0.05           0.05           Met
 Mar. 31 2024      -0.04          -0.05          Missed
 Dec. 31 2023      -0.04          -0.05          Missed
 Dec. 31 2023      -0.06          -0.02          Beat