Symbotic (SYM 2.54%), a producer of artificial intelligence-powered warehouse automation robots, went public by merging with a special purpose acquisition company (SPAC) two years ago. Its stock has gone through some wild swings, but it has still nearly quadrupled from its opening price of $10.54 to about $40 as of this writing. So could Serve Robotics (SERV 8.99%), a much smaller robotics specialist with a market cap of $350 million, have a shot at replicating Symbotic's impressive gains over the next few ...

Let us check out how SYM has lately been doing. The stock has gained 23.9% over the past month, outperforming the 3.6% rally of the industry it belongs to and the 2.1% rise of the Zacks S&P 500 composite. Improved Q2 Sales & Margin Performance Strong Liquidity The consensus estimate for third-quarter fiscal 2024 revenues and earnings implies year-over-year growth of 48.4% and more than 100%, respectively. Symbiotic, Inc. (SYM) will report its third-quarter fiscal 2024 results on Jul 29, after market close. ...

Symbotic Inc. (SYM) is an automation technology company that focuses on improving operating efficiencies in modern warehouses. The company plans to announce its earnings on July 29, 2024. Leave this field empty if you're human: Higher still is the 200-day moving average at around 42.47. Even more compelling is that the Leadership illustrates clearly SYM outperforms the S&P 500. Here are some key points about Symbotic: I personally like this company because it transcends politics and with both parties in fav ...

Market participants will be closely following the financial results of Symbotic Inc. in its upcoming release. The company plans to announce its earnings on July 29, 2024. The company's upcoming EPS is projected at $0, signifying a 100% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $462.77 million, up 48.4% from the prior-year quarter. Research indicates that these estimate revisions are directly correlated with near-term share ...

Over the past month, shares of this company have returned +15%, compared to the Zacks S&P 500 composite's +2.1% change. During this period, the Zacks Technology Services industry, which SYMBOTIC INC falls in, has gained 2.4%. The key question now is: What could be the stock's future direction? Earnings Estimate Revisions Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates ...

WILMINGTON, Mass., July 15, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release third quarter fiscal 2024 financial results after the market close on Monday, July 29, 2024. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. ABOUT SYMBOT ...

WILMINGTON, Mass., July 15, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release third quarter fiscal 2024 financial results after the market close on Monday, July 29, 2024. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. Please direc ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Of the 13 recommendations that derive the current ABR, eight are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 61.5% and 15.4% of all recommendations. The ABR suggests buying SYMBOTIC INC, but making an inves ...

Symbotic ended the quarter with $901 million in net cash as a strong point in the company's fundamental profile. Opportunity in warehouse-as-a-service A key component of Symbotic's strategy is to expand its global footprint and diversify its customer base. That was part of the reason for the 2023 creation of GreenBox as a joint venture with the Japanese investment holding company SoftBank. The idea is to offer an alternative solution for companies that could benefit from automating their warehouses but see ...

Symbotic Inc. (SYM) closed the latest trading day at $31.77, indicating a -0.87% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.09% for the day. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq gained 0.16%. Shares of the company witnessed a loss of 21.66% over the previous month, trailing the performance of the Business Services sector with its gain of 1.04% and the S&P 500's gain of 2.83%. The investment community will be closely mon ...