Symbotic, Inc. (NASDAQ:SYM ) Q1 2025 Results Conference Call February 5, 2025 5:00 PM ET Company Participants Charlie Anderson - Vice President, Investor Relations Rick Cohen - Chairman and Chief Executive Officer Carol Hibbard - Chief Financial Officer Conference Call Participants Nicole DeBlase - Deutsche Bank Andrew Kaplowitz - Citigroup Damian Karas - UBS Joe Giordano - TD Cowen Ross Sparenblek - William Blair Colin Rusch - Oppenheimer Mike Latimore - Northland Capital Markets Derek Soderberg - Cantor Fitzgerald Greg Palm - Craig-Hallum Rob Mason - Baird Ken Newman - KeyBanc Capital Markets Will Bryant - Goldman Sachs Guy Hardwick - Freedom Capital Markets Robert Jamieson - Vertical Research Partners Operator Hello, and welcome to Symbotic First Quarter 2025 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
The headline numbers for SYMBOTIC INC (SYM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Symbotic Inc. (SYM) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.02 per share a year ago.
SYM's top-line results for the first quarter of fiscal 2025 are likely to reflect gains from the partnership with Walmex and backlog conversion.
Symbotic Inc. (SYM) closed at $29.26 in the latest trading session, marking a -1.01% move from the prior day.
SYMBOTIC INC (SYM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SYMBOTIC INC (SYM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Symbotic (SYM -4.03%) stock surged by double-digit percentages for the second straight week, jumping 14.2% this week at its highest point in trading through 2 p.m. ET Friday, according to data provided by S&P Global Market Intelligence.
Symbotic's fiscal 2024 revenue surged 52% to $1.78 billion, with adjusted EBITDA improving significantly, indicating strong growth potential despite current GAAP net losses. The acquisition of Walmart's Advanced Systems and Robotics Business deepens Symbotic's relationship with Walmart, potentially adding $5 billion to its backlog and expanding its market. Symbotic's massive $22.4 billion backlog and strategic expansions into new industries and international markets highlight its long-term growth potential.
Symbotic's stock has shown significant volatility, rising 28% after a favorable Q4 2024 report and dropping 36% due to revenue recognition issues. The stock surged 12% on January 16, 2025, following the acquisition of Walmart's Advanced Systems and Robotics business. The company has a significant customer concentration risk.
SYMBOTIC INC (SYM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
SYMBOTIC INC (SYM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.