Symbotic Inc reports results for the quarter ended December 31 - Earnings Summary

• Symbotic Inc SYM.OQ reported quarterly breakeven results​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from -2 cents to 6 cents per share.

• Revenue rose 32.1% to $486.69 million from a year ago; analysts expected $490.98 million.

• Symbotic Inc's reported EPS for the quarter was a loss of 3 cents​.

• The company reported a quarterly loss of $3.48 million.

• Symbotic Inc shares had risen by 27.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 55.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Symbotic Inc is $35.00

This summary was machine generated from LSEG data February 6 at 02:02 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)