Symbotic Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Earnings Report - Symbotic Inc. is set to release its fourth-quarter earnings results on November 24, with analysts expecting earnings of 8 cents per share, a significant decrease from 47 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $604 million, compared to $576.77 million in the previous year [1] Recent Performance - In the third quarter, Symbotic reported an EPS miss and provided fourth-quarter sales guidance that fell below estimates [2] - The company's shares increased by 1.4%, closing at $54.72 on Thursday [2] Analyst Ratings - UBS analyst Damian Karas downgraded the stock from Neutral to Sell, raising the price target from $27 to $35 [4] - DA Davidson analyst Matt Summerville downgraded the stock from Buy to Neutral, increasing the price target from $35 to $47 [4] - Needham analyst James Ricchiuti maintained a Buy rating and raised the price target from $32 to $57 [4] - Oppenheimer analyst Colin Rusch maintained an Outperform rating, increasing the price target from $54 to $59 [4] - Northland Capital Market analyst Michael Latimore maintained an Outperform rating and raised the price target from $35 to $56 [4]