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Symbotic Inc. (SYM) Stock Declines While Market Improves: Some Information for Investors

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In the latest trading session, Symbotic Inc. (SYM - Free Report) closed at $50.27, marking a -0.12% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.39% for the day. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.2%.

Coming into today, shares of the company had gained 60.39% in the past month. In that same time, the Business Services sector gained 7.86%, while the S&P 500 gained 5.28%.

Analysts and investors alike will be keeping a close eye on the performance of Symbotic Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.05, marking a 58.33% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $371 million, up 79.83% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.02 per share and a revenue of $1.79 billion, signifying shifts of +94.59% and +51.71%, respectively, from the last year.

Investors should also take note of any recent adjustments to analyst estimates for Symbotic Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 76.32% higher. Currently, Symbotic Inc. is carrying a Zacks Rank of #3 (Hold).

The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 37% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.


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