In the latest close session, ARKO Corp. (ARKO) was down 2.01% at $5.13. The stock fell short of the S&P 500, which registered a loss of 0.01% for the day. On the other hand, the Dow registered a gain of 0.03%, and the technology-centric Nasdaq increased by 0.17%.
Prior to today's trading, shares of the company had gained 14.44% outpaced the Consumer Staples sector's gain of 4.93% and the S&P 500's gain of 0.78%.
Analysts and investors alike will be keeping a close eye on the performance of ARKO Corp. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.01, showcasing a 66.67% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.81 billion, down 9.03% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.13 per share and a revenue of $7.66 billion, representing changes of 0% and 0%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ARKO Corp. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, ARKO Corp. possesses a Zacks Rank of #3 (Hold).
Digging into valuation, ARKO Corp. currently has a Forward P/E ratio of 43.58. For comparison, its industry has an average Forward P/E of 20.27, which means ARKO Corp. is trading at a premium to the group.
The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 174, this industry ranks in the bottom 29% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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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