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Symbotic (SYM)
NASDAQ:SYM
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 21, 2022
|% Change Since: 4.12%
|Next Earnings Date:Aug 01, 2022
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with strong revenue growth, successful system deployments, and expansion into new markets. However, some financial restatements and operational challenges were noted. Despite these issues, the overall sentiment remains optimistic due to strategic achievements and financial stability.Company Guidance
During the Symbotic Q4 2024 earnings call, the company provided optimistic guidance for continued high revenue growth into fiscal 2025, following a robust 55% revenue increase for the full year. Symbotic highlighted their achievement of completing a record number of system deployments in the fourth quarter, with system starts also reaching a record high. For the first quarter of fiscal 2025, Symbotic expects revenue between $495 million and $515 million and adjusted EBITDA between $27 million and $31 million. Despite a sequential decline in cash and equivalents to $727 million, the company remains focused on maintaining stable gross margins and investing in innovation, as well as expanding their customer base internationally. The addition of two new sites in Mexico with Walmex was also noted as a significant step in their geographic expansion strategy, expected to add $400 million to their backlog next quarter.Record Revenue and Growth
Fourth quarter revenue grew to $577 million, driven by strong progress across 44 systems. For the full year, revenue increased by 55%, surpassing $1.8 billion.
Expansion into New Markets
New customer acquisition with Walmex, expanding operations into new geographies, indicating growth potential in lower-cost regions.
Increase in System Deployments
Completed a record number of system deployments and started 9 new systems, also a record for the company.
First Quarter of Net Income
Achieved the first quarter of net income as a public company, indicating financial improvement and stability.
Strong Backlog
Backlog of committed contracted orders remains strong at $22.4 billion, indicating sustained future revenue potential.
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SYM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SYM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 18, 2024 | $30.56 | $39.02 | +27.68% |
| Jul 29, 2024 | $35.63 | $27.25 | -23.52% |
| May 06, 2024 | $41.94 | $46.50 | +10.87% |
| Feb 05, 2024 | $49.60 | $37.91 | -23.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Symbotic (SYM) report earnings?
Symbotic (SYM) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Symbotic (SYM) earnings time?
Symbotic (SYM) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SYM EPS forecast?
SYM EPS forecast for the fiscal quarter 2025 (Q1) is 0.03.
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