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Symbotic Inc. (SYM) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2025-01-30 00:05
The most recent trading session ended with Symbotic Inc. (SYM) standing at $29.26, reflecting a -1.01% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.47%. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq decreased by 0.51%.The company's stock has climbed by 24.67% in the past month, exceeding the Business Services sector's gain of 3.17% and the S&P 500's gain of 1.67%.The investment community will be p ...
Symbotic Inc. (SYM) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2025-01-29 16:06
Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Symbotic Inc. despite higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Symbotic Inc. is expected to report a quarterly loss of $0.04 per share, reflecting a year-over-year change of -100%, while revenues are projected to be $489.61 million, an increase of 32.9% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly reassessed their initial estimates during this period [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Symbotic Inc. is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +50%, suggesting a bullish outlook from analysts [10]. Historical Performance - In the last reported quarter, Symbotic Inc. exceeded the expected earnings of $0.03 per share by delivering $0.05, resulting in a surprise of +66.67%. The company has beaten consensus EPS estimates three times over the last four quarters [12][13]. Overall Assessment - Symbotic Inc. is viewed as a compelling candidate for an earnings beat, but investors are advised to consider other factors beyond earnings expectations when making investment decisions [16].
Symbotic Completes Acquisition of Walmart's Advanced Systems and Robotics Business and Signs Related Commercial Agreement
Newsfilter· 2025-01-28 11:30
WILMINGTON, Mass., Jan. 28, 2025 (GLOBE NEWSWIRE) --  Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it has both completed the acquisition of the Advanced Systems and Robotics business from Walmart (NYSE:WMT) and signed the related commercial agreement with Walmart covering the development and deployment of automation systems for Accelerated Pickup and Delivery centers ("APDs") at Walmart stores (the "Commercial Agreement"). Walmart has chosen ...
Symbotic Completes Acquisition of Walmart's Advanced Systems and Robotics Business and Signs Related Commercial Agreement
GlobeNewswire News Room· 2025-01-28 11:30
Core Insights - Symbotic Inc. has completed the acquisition of the Advanced Systems and Robotics business from Walmart and signed a commercial agreement for automation systems development [1][2] - The partnership aims to enhance Walmart's online pickup and delivery services, with Walmart committing to a $520 million development program [2][3] - This transaction could increase Symbotic's future backlog by over $5 billion and expand its addressable market by more than $300 billion in the U.S. [3] Company Overview - Symbotic is a leader in A.I.-enabled robotics technology, focusing on transforming supply chain operations through advanced automation solutions [4] - The company aims to improve the efficiency and effectiveness of distribution challenges faced by major retail and wholesale companies [4]
Shareholders of Symbotic Inc. Should Contact Levi & Korsinsky Before February 3, 2025 to Discuss Your Rights - SYM
Prnewswire· 2025-01-28 11:00
NEW YORK, Jan. 28, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Symbotic Inc. ("Symbotic" or the "Company") (NASDAQ: SYM) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Symbotic investors who were adversely affected by alleged securities fraud between February 8, 2024 and November 26, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/symbotic-lawsuit-submission-form ...
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Symbotic Inc. (SYM) Shareholders
GlobeNewswire News Room· 2025-01-27 18:13
NEW YORK, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Symbotic Inc. ("Symbotic" or the "Company") (NASDAQ: SYM) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Symbotic investors who were adversely affected by alleged securities fraud between February 8, 2024 and November 26, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/symbotic-lawsuit-submissio ...
The Gross Law Firm Reminds Symbotic Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 3, 2025 - SYM
Prnewswire· 2025-01-27 10:45
NEW YORK, Jan. 27, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Symbotic Inc. (NASDAQ: SYM).Shareholders who purchased shares of SYM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/symbotic-loss-submission-form-2/?id=124863&from=4CLASS PERIOD: February 8, 2024 to November 2 ...
Why AI Robotics Stock Symbotic Jumped 14% This Week
The Motley Fool· 2025-01-24 19:57
Symbotic could announce big numbers on Feb. 5.Symbotic (SYM -4.08%) stock surged by double-digit percentages for the second straight week, jumping 14.2% this week at its highest point in trading through 2 p.m. ET Friday, according to data provided by S&P Global Market Intelligence. Thanks to a stupendous week, Symbotic stock is up more than 35% this year, as of this writing.Symbotic builds and deploys automation systems for warehouses, distribution centers, and supply chains. Its fully autonomous, artificia ...
Symbotic: AI Robotics Platform Boosted By Walmart
Seeking Alpha· 2025-01-23 17:33
As an introduction, Symbotic Inc. (NASDAQ: SYM ) is an AI-powered robotic and software platform focused on automating supply chains. In particular, the company focuses on automating warehouses for large retail, wholesale, and FMCG companies. ItsNine to 5 by day. Hobbyist stock trader by night. I got an MBA and a CFA ... so that should count for something. I only care about my own greedy interests and I love feeding trolls. Not your financial advisor. Information for entertainment purposes only. Diamond hand ...
Symbotic Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before February 3, 2025 to Discuss Your Rights - SYM
Prnewswire· 2025-01-23 10:45
NEW YORK, Jan. 23, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Symbotic Inc. (NASDAQ: SYM).Shareholders who purchased shares of SYM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/symbotic-loss-submission-form-2/?id=124334&from=4 CLASS PERIOD: February 8, 2024 to November ...