Symbotic (US:SYM) ZACKS·2024-06-20 14:00Core Viewpoint - The performance of SYMBOTIC INC is influenced by earnings estimate revisions, which correlate strongly with stock price movements. A rise in earnings estimates typically leads to an increase in the stock's fair value, attracting investor interest and driving prices higher [1]. Financial Performance - SYMBOTIC INC reported revenues of $424.3 million in the last quarter, reflecting a year-over-year increase of 59% [2]. - The company achieved an EPS of $0.22 for the same period, a significant improvement from -$0.10 a year ago [2]. - The consensus earnings estimate for the current fiscal year is -$0.07, indicating a year-over-year change of 81.1%, with no changes over the last 30 days [6]. - For the next fiscal year, the consensus earnings estimate is $0.44, representing a change of 717.9% from the previous year [15]. Earnings and Revenue Estimates - SYMBOTIC INC is expected to post break-even earnings per share for the current quarter, indicating a year-over-year change of 100% [14]. - The consensus sales estimate for the current quarter is $462.77 million, showing a year-over-year change of 48.4%. For the current and next fiscal years, sales estimates are $1.77 billion and $2.48 billion, indicating changes of 50.2% and 40.5%, respectively [17]. Stock Performance and Valuation - Over the past month, shares of SYMBOTIC INC have returned -19.4%, while the Zacks S&P 500 composite increased by 3.6% [13]. - The Zacks Rank for SYMBOTIC INC is 3 (Hold), suggesting it may perform in line with the broader market in the near term [7][12]. - The company is graded F in terms of valuation, indicating it is trading at a premium compared to its peers [11]. Historical Performance - Over the last four quarters, SYMBOTIC INC has surpassed consensus EPS estimates three times and topped revenue estimates three times as well [10].