In the latest trading session, ARKO Corp. (ARKO) closed at $4.38, marking a -2.01% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.64%. On the other hand, the Dow registered a gain of 1.23%, and the technology-centric Nasdaq increased by 0.69%.
The company's shares have seen a decrease of 8.59% over the last month, not keeping up with the Consumer Staples sector's loss of 0.94% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of ARKO Corp. in its upcoming release. It is anticipated that the company will report an EPS of -$0.01, marking a 66.67% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.81 billion, down 9.33% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.13 per share and revenue of $7.63 billion, which would represent changes of 0% and 0%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ARKO Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, ARKO Corp. boasts a Zacks Rank of #4 (Sell).
Looking at its valuation, ARKO Corp. is holding a Forward P/E ratio of 37.25. This denotes a premium relative to the industry average Forward P/E of 20.52.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 219, which puts it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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ARKO Corp. (ARKO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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