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Symbotic Inc. (SYM) Reports Q1 Loss, Lags Revenue Estimates
Symbotic Symbotic (US:SYM) ZACKSยท2025-02-05 23:10

Core Viewpoint - Symbotic Inc. reported a quarterly loss of $0.03 per share, which was better than the Zacks Consensus Estimate of a loss of $0.04, indicating a 25% earnings surprise [1]. Financial Performance - The company posted revenues of $486.69 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.60%, but showing an increase from $368.45 million year-over-year [2]. - Over the last four quarters, Symbotic has surpassed consensus EPS estimates three times and has also topped consensus revenue estimates three times [2]. Stock Performance - Symbotic shares have increased approximately 27.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 2.7% [3]. - The current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $525.57 million, and for the current fiscal year, it is $0.13 on revenues of $2.28 billion [7]. Industry Outlook - The Technology Services industry, to which Symbotic belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].