On November 21, 2023, Symbotic (NASDAQ: SYM) announced its quarterly financial results, showcasing impressive performance in both losses and sales. The company reported a quarterly loss of $(0.08) per share, surpassing the analyst consensus estimate of $(0.12) by an impressive 33.33%. This marks a significant improvement compared to the losses of $(0.10) per share recorded during the same period last year.
In addition to beating expectations on losses, Symbotic also exceeded projections for quarterly sales. The company reported sales of $392.00 million, surpassing the analyst consensus estimate of $306.90 million by an impressive 27.73%. This represents a remarkable 60.38% increase in sales compared to the same period last year.
Looking at the full fiscal year 2023, Symbotic reported a substantial revenue of $1,177 million, reflecting an outstanding 98% growth year over year. However, the company did experience a net loss of $208 million and an adjusted EBITDA loss of $18 million during this period.
Moving forward, Symbotic has set ambitious targets for the first quarter of fiscal 2024. The company expects revenue to range between $350 million and $370 million, with an adjusted EBITDA of $11 million to $14 million.
In terms of earnings per share (EPS), Symbotic’s performance in the same quarter was noteworthy. The reported EPS stood at -$0.08, surpassing the consensus EPS forecast of -$0.06.
Overall, Symbotic’s financial results for the referenced date demonstrate its ability to outperform expectations and achieve remarkable growth in both losses and sales.
Symbotic Inc.
SYM
Buy
Updated on: 28/11/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Strong Sell
SYM Stock Shows Promising Performance on November 21, 2023: Potential for Growth and Long-Term Profitability in the Industrial Machinery Sector
SYM Stock Shows Promising Performance on November 21, 2023
On November 21, 2023, SYM stock exhibited positive performance, showing potential for growth in the coming years. The stock opened at $37.64, slightly higher than the previous day’s close of $37.20. Throughout the day, the stock’s price fluctuated within a range of $36.68 to $38.99. The trading volume reached 1,956,721 shares, surpassing the three-month average volume of 1,082,025 shares.
SYM, a company in the industrial machinery sector of the producer manufacturing industry, has a market capitalization of $20.2 billion. Although there is no available data on competitors, the company’s financials indicate promising prospects.
In terms of earnings growth, SYM has seen a significant increase. Last year, the company experienced a growth rate of 19.58%, while this year’s earnings growth soared to 64.41%. Looking ahead, the company’s earnings growth is projected to continue at a steady pace of 30.00% over the next five years. This positive trend suggests that SYM is on track for long-term profitability.
SYM’s price-to-sales ratio stands at 0.96, indicating that investors are willing to pay less for each dollar of the company’s sales. On the other hand, the price-to-book ratio is significantly higher at 291.96, suggesting that the market values the company’s assets at a substantial premium.
The next reporting date for SYM is scheduled for January 29, 2024. Analysts forecast earnings per share of $0.01 for this quarter. In the previous year, SYM reported annual revenue of $593.3 million, indicating its ability to generate substantial income.
While SYM faces no direct competition data, its performance in the industrial machinery sector showcases its potential for success. As the company continues to grow, it may attract more attention from investors and analysts within the industry.
In conclusion, SYM stock displayed positive performance on November 21, 2023, with an opening price higher than the previous close. The stock’s trading volume exceeded its three-month average, indicating increased investor interest. With strong earnings growth and a positive outlook for the next five years, SYM demonstrates potential for long-term profitability. However, the company’s net profit margin and price-to-book ratio should be monitored for any potential risks. Overall, SYM’s performance suggests it is a stock worth watching in the industrial machinery sector.
Symbotic Inc (SYM) Stock Forecast: Analysts Predict Significant Increase in Price
On November 21, 2023, Symbotic Inc (SYM) experienced positive stock performance, with analysts forecasting a significant increase in its price. According to data from CNN Money, 10 analysts offered 12-month price forecasts for SYM, with a median target of $53.50. The high estimate was $65.00, while the low estimate was $40.00.
The median estimate of $53.50 represents a 44.28% increase from the last recorded price of $37.08. This suggests that analysts are optimistic about the future performance of SYM stock.
Furthermore, a consensus among the 10 polled investment analysts is to buy stock in Symbotic Inc. This rating has remained unchanged since November, indicating a consistent positive sentiment towards the company’s stock.
Moving on to the financials, Symbotic Inc reported earnings per share of $0.01 for the current quarter. This indicates a positive performance in terms of profitability. Additionally, the company recorded sales of $332.0 million, highlighting its strong revenue generation capabilities.
Investors can look forward to more detailed financial information when Symbotic Inc reports its next earnings on January 29. This report will provide insights into the company’s performance and help investors make informed decisions regarding their investments in SYM stock.
In conclusion, Symbotic Inc’s stock performance on November 21, 2023, is not explicitly provided, but analysts’ forecasts and a consensus buy rating suggest positive sentiment towards the stock. The company’s financials, including its earnings per share and sales, indicate a positive outlook for the future. Investors should keep an eye out for the upcoming earnings report on January 29 to gather more information about Symbotic Inc’s performance.
Discussion about this post