2024-04-18 01:33:59 ET
Summary
- Symbotic Inc. is an automation technology company that serves large retail, grocery, and wholesaling companies, with Walmart being its dominant customer.
- SYM should be releasing its fiscal Q2 results in two to three weeks.
- Heavy revenue growth and $23 billion in backlog makes the company not as expensive as it first seems.
- The high dependency on Walmart at this time gives me reservations over a long-term hold on SYM despite the company's march towards profitability.
- The unpredictable nature of the revenue and sky-high expectations make me hesitant to hold a position going into the earnings date. I will be waiting until after the release in order to determine a position, if any.
Read the full article on Seeking Alpha
For further details see:
Symbotic: Closely Watching The Next Earnings Release