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The company has a disappointing earnings surprise history. It missed the Zacks Consensus Estimate in three of the four trailing quarters while beating the mark on one instance, delivering a negative average earnings surprise of 73.54%.
Q4 Expectations
The Zacks Consensus Estimate for Symbiotic’s revenues in the to-be-reported quarter is pegged at $307.2 million, indicating a 25.7% increase from the year-ago reported figure. We expect new system deployment efforts and investment in innovation to bolster the company’s revenue growth.
The consensus estimate for the bottom line in the to-be-reported quarter is pegged at a loss of 6 cents per share. The company reported a loss of 10 cents in the year-ago quarter. We expect a contraction in loss due to an increase in revenues.
Our proven model does not conclusively predict an earnings beat for SYM this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
SYM has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Here are a few stocks from the broader Business Services sector that have registered better-than-expected results
S&P Global Inc. (SPGI - Free Report) reported impressive third-quarter results, wherein earnings and revenues beat the Zacks Consensus Estimate.
SPGI’s adjusted earnings per share (excluding 88 cents from non-recurring items) of $3.21 rose 9.6% year over year, beating the consensus estimate by 5.3%. Revenues of $3.08 billion surpassed the consensus estimate by 2% and improved 8% year over year, backed by solid performance in all divisions.
Verisk Analytics Inc.(VRSK - Free Report) reported impressive third-quarter 2023 results, wherein earnings and revenues beat the respective estimates.
VRSK’s adjusted earnings (excluding 23 cents from non-recurring items) were $1.52 per share, beating the Zacks Consensus Estimate and increasing 4.1% from the year-ago reported figure. The result was supported by strong growth in underwriting data solutions, life insurance and extreme events solutions.
Fiserv, Inc.(FI - Free Report) reported impressive third-quarter 2023 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.
FI’s adjusted earnings per share (excluding 40 cents from non-recurring items) of $1.96 exceeded the consensus mark by 1% and increased 20% year over year. Adjusted revenues of $4.62 billion surpassed the consensus estimate by 0.53% and increased 8.2% year over year.
Organic revenue growth was 12% in the quarter, driven by 20% and 6% growth in the Acceptance and Payments segments, respectively.
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Symbiotic (SYM) to Report Q4 Earnings: What's in the Cards?
Symbiotic, Inc. (SYM - Free Report) is scheduled to report its fourth-quarter 2023 results on Nov 20 after the closing bell.
The company has a disappointing earnings surprise history. It missed the Zacks Consensus Estimate in three of the four trailing quarters while beating the mark on one instance, delivering a negative average earnings surprise of 73.54%.
Q4 Expectations
The Zacks Consensus Estimate for Symbiotic’s revenues in the to-be-reported quarter is pegged at $307.2 million, indicating a 25.7% increase from the year-ago reported figure. We expect new system deployment efforts and investment in innovation to bolster the company’s revenue growth.
The consensus estimate for the bottom line in the to-be-reported quarter is pegged at a loss of 6 cents per share. The company reported a loss of 10 cents in the year-ago quarter. We expect a contraction in loss due to an increase in revenues.
Symbotic Inc. Price and EPS Surprise
Symbotic Inc. price-eps-surprise | Symbotic Inc. Quote
What Our Model Says
Our proven model does not conclusively predict an earnings beat for SYM this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
SYM has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
It carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings Snapshot
Here are a few stocks from the broader Business Services sector that have registered better-than-expected results
S&P Global Inc. (SPGI - Free Report) reported impressive third-quarter results, wherein earnings and revenues beat the Zacks Consensus Estimate.
SPGI’s adjusted earnings per share (excluding 88 cents from non-recurring items) of $3.21 rose 9.6% year over year, beating the consensus estimate by 5.3%. Revenues of $3.08 billion surpassed the consensus estimate by 2% and improved 8% year over year, backed by solid performance in all divisions.
Verisk Analytics Inc.(VRSK - Free Report) reported impressive third-quarter 2023 results, wherein earnings and revenues beat the respective estimates.
VRSK’s adjusted earnings (excluding 23 cents from non-recurring items) were $1.52 per share, beating the Zacks Consensus Estimate and increasing 4.1% from the year-ago reported figure. The result was supported by strong growth in underwriting data solutions, life insurance and extreme events solutions.
Fiserv, Inc.(FI - Free Report) reported impressive third-quarter 2023 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.
FI’s adjusted earnings per share (excluding 40 cents from non-recurring items) of $1.96 exceeded the consensus mark by 1% and increased 20% year over year. Adjusted revenues of $4.62 billion surpassed the consensus estimate by 0.53% and increased 8.2% year over year.
Organic revenue growth was 12% in the quarter, driven by 20% and 6% growth in the Acceptance and Payments segments, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.