Symbotic Inc. (SYM) fell 1.31% due to broader market declines, but had significant prior gains

Symbotic Inc. (SYM) closed at $47.28, down 1.31% from the previous session, trailing the S&P 500, Dow, and Nasdaq. Prior to today, the stock had gained 60.72%. The company is expected to report an EPS of $0.03 and revenue of $536.41 million, with yearly estimates showing significant growth.

Investors should monitor analyst estimate changes for Symbotic Inc. as they reflect short-term business trends. Positive revisions indicate optimism and can impact stock prices. The Zacks Rank system, with a rank of #5 (Strong Sell) for SYM, has historically outperformed, with #1 ranked stocks yielding an average annual return of +25%.

Symbotic Inc. has a Forward P/E ratio of 237.57, above the industry average of 21.32. The PEG ratio of 7.92 incorporates expected earnings growth. The Technology Services industry, in the Business Services sector, has a Zacks Industry Rank of 44, placing it in the top 18% of industries. Follow these metrics on Zacks.com.

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Read more at Nasdaq: Here’s Why Symbotic Inc. (SYM) Fell More Than Broader Market