Yahoo Finance Symbotic Full Year 2022 Earnings: Beats Expectations
Symbotic (NASDAQ:SYM) Full Year 2022 Results
Key Financial Results
Revenue: US$593.3m (up 136% from FY 2021).
Net loss: US$6.86m (loss narrowed by 96% from FY 2021).
US$0.13 loss per share (improved from US$24.16 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Symbotic Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are up 15% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Symbotic (1 makes us a bit uncomfortable!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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