Symbotic TodaySYMSymbotic$36.36 +0.05 (+0.14%) 52-Week Range$17.11▼$59.82Price Target$44.31Add to WatchlistSymbotic NASDAQ: SYM is a revolutionary robotics company whose stock is on the rise big time over the past three months. Shares are up 52% over that period. Despite that, shares are still down nearly 30% through all of 2024. A big contributor to the company’s recent rise is its Q4 earnings report released on Nov. 18. This analysis highlights an industrial stock that delivered over 250% total returns i ...

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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Symbotic Inc. (SYM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.SYMBOTIC INC currently has an average brokerage recommendat ...

Financial Data and Key Metrics - Q4 revenue grew to $577 million, driven by strong progress across 44 systems in deployment, contributing to full-year revenue of $1.8 billion [15] - Gross margin rebounded to 19.6%, returning to historical levels after being depressed in Q3 due to construction delays [23] - Cash and equivalents at year-end stood at $727 million, down from $870 million in Q3, primarily due to timing of cash receipts [19] - Q1 2025 revenue guidance is $495 million to $515 million, with adjusted EBITDA between $27 million and $31 million [20] Business Line Data and Key Metrics - System deployments reached a record level in Q4, with nine new system starts and four system completions, bringing the total operational systems to 25 [15] - Software maintenance and support gross margin increased by 50% in Q4, trending towards typical industry levels as more systems go operational [17] - Operation services experienced a slight negative gross margin due to resource additions at certain sites, but profitability is expected to improve in fiscal 2025 [18] Market Data and Key Metrics - The company expanded into Mexico with a new customer, Walmex, marking progress in new geographies and increasing the addressable market [7] - GreenBox made progress with a second installation in Georgia, adding vision capabilities for remote bot control, enhancing productivity [9] - The backlog of committed contracted orders remained stable at $22.4 billion, with Walmex expected to add $400 million to the backlog in Q1 2025 [16][43] Company Strategy and Industry Competition - The company is focused on scaling for growth, investing in innovation, and maintaining high-quality system deployments for customers [11] - Targeted investments in people and products are being made to capitalize on opportunities in new geographies and products [10] - The company is expanding its salesforce to support growth in new verticals and geographies [41] Management Commentary on Operating Environment and Future Outlook - Management expects to maintain a high rate of year-over-year revenue growth while stabilizing gross margins in Q1 2025 [6] - The company is optimistic about the ROI potential in lower-cost geographies like Mexico, where labor and transportation savings are significant [8][98] - Management highlighted the importance of vision technology in improving system reliability and customer confidence [72] Other Important Information - The company identified restatements in quarterly financial statements due to timing differences in expense recognition, with no impact on full-year results [12][13] - The company plans to file amended Form 10-Qs for fiscal 2024 and timely file its 10-K next week [14] Q&A Session Summary Question: Margins and Outlook - Q4 gross margin rebounded to 19.6%, with expectations for stable margins in Q1 2025 and gradual improvement throughout the year [23][24] - The company is focused on achieving milestones and improving deployment schedules to expand gross margins [24] Question: Europe and Mexico Expansion - No new updates on Europe, but the company is excited about the potential in Mexico and other new geographies [26] - Walmex is seen as a significant opportunity, with potential for further expansion beyond the initial two sites [63] Question: Revenue Performance and Guidance - Q4 revenue was driven by strong progress on 44 systems, with record system starts and completions [30] - Q1 2025 guidance reflects continued strong growth, with revenue expected to grow 40% year-over-year [31] Question: Vision Technology and M&A - Vision technology enhances system reliability and enables remote bot control, improving productivity [72] - The company is open to additional technology acquisitions, with a focus on safety and access innovations [32] Question: GreenBox and Financing - The Georgia GreenBox facility is a multi-tenant solution, with potential for significant growth opportunities [79] - The company is investing in R&D and infrastructure for GreenBox, with CapEx expected to increase [37] Question: Walmex Opportunity - Walmex has the potential for significant expansion, with thousands of stores across Mexico [76] - The initial two sites are greenfield projects, with revenue expected to contribute in the future [43] Question: OpEx and Gross Margin - OpEx increases in Q1 2025 are primarily due to R&D and SG&A investments [51] - Gross margins are expected to remain stable in Q1, with potential for improvement in the second half of 2025 [92] Question: Cash Flow and EPC Investments - Cash flow from operations is expected to rebound in 2025, with no significant changes to working capital fundamentals [106] - The company has hired resources for EPC in-sourcing, with program managers in place for key sites [107] Question: Backlog and Revenue Guidance - Backlog remained stable at $22.4 billion, with adjustments due to revenue recognition and contract revisions [114] - Q1 revenue guidance reflects the timing of milestones and system deployment life cycles [116] Question: GreenBox Revenue and Margin - GreenBox revenue and margins are similar to other Symbotic systems, with the company holding a 35% JV stake [87] - The $150 million Georgia facility includes infrastructure beyond the Symbotic system [85] Question: Transformation Initiatives - The company has added new leadership to focus on R&D and product development, aiming to accelerate innovation [94] Question: Restructuring Charge - The $775,000 restructuring charge was a benefit related to inventory adjustments, not a drag on gross margin [101] Question: Operation Services Margin - Operation services margin was impacted by resource additions at certain sites, but improvement is expected in fiscal 2025 [102]

Symbotic Inc. (SYM) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced a loss of $0.02, delivering a surprise of -200%.Over the last four quarters, the company has surpas ...

Symbotic Inc. (SYM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned +9.2%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Technology Services industry, which SYMBOTIC INC falls in, has gained 14.9%. The key question now is: What could be the stock's future direction?Whi ...

Symbotic Inc. (SYM) is scheduled to release its fourth-quarter fiscal 2024 results on Nov. 18, after market close.See Zacks Earnings Calendar to stay ahead of market-making news.The company surpassed the Zacks Consensus Estimate in two of the four trailing quarters and missed on two occasions, delivering an average earnings surprise of 165%.Symbiotic’s Q4 ExpectationsThe Zacks Consensus Estimate for SYM’s revenues is pegged at $471.6 million, indicating a 20.3% rise from the year-ago quarter’s actual.The to ...

In the latest market close, Symbotic Inc. (SYM) reached $34.32, with a -1.66% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.29% for the day. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq lost 0.09%.The the stock of company has risen by 21.77% in the past month, leading the Business Services sector's gain of 9.28% and the S&P 500's gain of 3.3%.Investors will be eagerly watching for the performance of Symbotic Inc. in its upcoming earnin ...

NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Symbotic Inc. (NASDAQ: SYM) on behalf of long-term stockholders following a class action complaint that was filed against Symbotic on August 14, 2024 with a Class Period from May 6, 2024 to July 29, 2024. Our investigation concerns whether the board of directors of Symbotic have breached their fiduciary duties to the company. According to the ...

Symbotic Inc. (SYM) closed at $28.58 in the latest trading session, marking a +0.95% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.22% for the day. Meanwhile, the Dow experienced a drop of 0.33%, and the technology-dominated Nasdaq saw an increase of 0.76%.Shares of the company witnessed a gain of 22.45% over the previous month, beating the performance of the Business Services sector with its gain of 1.72% and the S&P 500's gain of 1.47%.The investment community will ...