In the latest trading session, Symbotic Inc. (SYM) closed at $41.39, marking a -1.45% move from the previous day. This move lagged the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
Shares of the company have appreciated by 5.87% over the course of the past month, outperforming the Business Services sector's loss of 5.31%, and the S&P 500's loss of 0.24%.
Market participants will be closely following the financial results of Symbotic Inc. in its upcoming release. The company is expected to report EPS of $0.16, down 69.81% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $772.85 million, indicating a 24.96% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.58 per share and a revenue of $2.81 billion, signifying shifts of -68.13% and +24.94%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Symbotic Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 15.32% fall in the Zacks Consensus EPS estimate. Symbotic Inc. presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Symbotic Inc. is holding a Forward P/E ratio of 72.41. This valuation marks a premium compared to its industry average Forward P/E of 16.14.
Meanwhile, SYM's PEG ratio is currently 2.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Technology Services industry had an average PEG ratio of 1.23.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 182, putting it in the bottom 27% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Symbotic Inc. (SYM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).