What is KeyCorp’s Forecast for Symbotic Q1 Earnings?

Symbotic Inc. (NASDAQ:SYM) – KeyCorp issued their Q1 2028 earnings per share estimates for Symbotic in a report released on Thursday, February 19th. KeyCorp analyst K. Newman expects that the company will post earnings of $0.59 per share for the quarter. The consensus estimate for Symbotic’s current full-year earnings is $0.13 per share. KeyCorp also issued estimates for Symbotic’s FY2028 earnings at $3.12 EPS.

Symbotic (NASDAQ:SYM) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The company had revenue of $629.99 million for the quarter, compared to the consensus estimate of $622.58 million. Symbotic had a negative net margin of 0.45% and a negative return on equity of 1.88%. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) EPS.

A number of other analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Symbotic from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. UBS Group set a $70.00 target price on shares of Symbotic in a research report on Wednesday. Needham & Company LLC lifted their target price on shares of Symbotic from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Citigroup reiterated an “outperform” rating on shares of Symbotic in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $50.00 price objective on shares of Symbotic in a research report on Thursday, January 15th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $60.57.

Symbotic Price Performance

NASDAQ:SYM opened at $54.57 on Friday. The firm has a market capitalization of $32.86 billion, a price-to-earnings ratio of -545.68, a PEG ratio of 7.20 and a beta of 2.13. The business has a 50 day simple moving average of $60.82 and a 200-day simple moving average of $60.57. Symbotic has a 1 year low of $16.32 and a 1 year high of $87.88.

Hedge Funds Weigh In On Symbotic

Hedge funds have recently added to or reduced their stakes in the company. Barton Investment Management acquired a new position in Symbotic in the third quarter valued at about $1,640,000. Hunter Associates Investment Management LLC acquired a new stake in shares of Symbotic during the second quarter valued at about $361,000. Grove Street Fiduciary LLC increased its position in Symbotic by 314.4% in the 3rd quarter. Grove Street Fiduciary LLC now owns 35,000 shares of the company’s stock valued at $1,886,000 after acquiring an additional 26,555 shares during the period. Mutual Advisors LLC acquired a new position in Symbotic during the 3rd quarter worth about $1,919,000. Finally, Prospera Financial Services Inc bought a new stake in Symbotic in the second quarter valued at approximately $861,000.

Insider Activity

In other news, Director Rollin L. Ford sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $57.51, for a total value of $3,450,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO James Kuffner sold 77,321 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $59.76, for a total value of $4,620,702.96. Following the transaction, the chief technology officer owned 144,982 shares of the company’s stock, valued at $8,664,124.32. This trade represents a 34.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,204,212 shares of company stock valued at $385,123,962. 8.16% of the stock is owned by insiders.

Symbotic Company Profile

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.