ARKO Corp. (ARKO) closed the most recent trading day at $5.17, moving -1.34% from the previous trading session. This change lagged the S&P 500's 0.55% gain on the day. Meanwhile, the Dow experienced a rise of 0.63%, and the technology-dominated Nasdaq saw an increase of 0.91%.
Heading into today, shares of the company had gained 12.21% over the past month, outpacing the Consumer Staples sector's gain of 2.61% and the S&P 500's gain of 0.71%.
Market participants will be closely following the financial results of ARKO Corp. in its upcoming release. The company's upcoming EPS is projected at -$0.01, signifying a 66.67% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.81 billion, down 9.03% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.13 per share and a revenue of $7.66 billion, indicating changes of 0% and 0%, respectively, from the former year.
Any recent changes to analyst estimates for ARKO Corp. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. ARKO Corp. is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, ARKO Corp. is presently being traded at a Forward P/E ratio of 43.67. This signifies a premium in comparison to the average Forward P/E of 20.07 for its industry.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 24% 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.
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ARKO Corp. (ARKO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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