SYMBOTIC INC (SYM) Surges 18.9%: Is This an Indication of Further Gains?

Symbotic Inc. (SYM) shares soared 18.9% in the last trading session to close at $31.82. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.7% gain over the past four weeks.The stock recorded this price increase as the company announced the acquisition of Walmart’s Advanced Systems and Robotics business, expanding their long-standing relationship. Walmart will pay Symbiotic $520 million to develop, build and deploy an advanced solution that automates its Accelerated Pickup and Delivery centers with an initial order covering hundreds of stores.This company is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of -100%. Revenues are expected to be $491.49 million, up 33.4% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For SYMBOTIC INC, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SYM going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>SYMBOTIC INC belongs to the Zacks Technology Services industry. Another stock from the same industry, UiPath (PATH), closed the last trading session 0.2% lower at $13.35. Over the past month, PATH has returned 3.1%.For UiPath, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.19. This represents a change of -13.6% from what the company reported a year ago. UiPath currently has a Zacks Rank of #1 (Strong Buy).Just Released: Zacks Top 10 Stocks for 2025Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Symbotic Inc. (SYM): Free Stock Analysis Report UiPath, Inc. (PATH): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks