ARKO Corp. (ARKO) closed the most recent trading day at $6.20, moving +1.14% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.56%. On the other hand, the Dow registered a gain of 0.26%, and the technology-centric Nasdaq increased by 0.78%.
Coming into today, shares of the company had gained 22.35% in the past month. In that same time, the Consumer Staples sector gained 8.81%, while the S&P 500 lost 1.27%.
Investors will be eagerly watching for the performance of ARKO Corp. in its upcoming earnings disclosure. In that report, analysts expect ARKO Corp. to post earnings of -$0.01 per share. This would mark year-over-year growth of 66.67%. At the same time, our most recent consensus estimate is projecting a revenue of $1.81 billion, reflecting a 9.03% fall from the equivalent quarter last year.
ARKO's full-year Zacks Consensus Estimates are calling for earnings of $0.13 per share and revenue of $7.66 billion. These results would represent year-over-year changes of 0% and -12.26%, respectively.
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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. ARKO Corp. presently features a Zacks Rank of #3 (Hold).
Investors should also note ARKO Corp.'s current valuation metrics, including its Forward P/E ratio of 51.08. This signifies a premium in comparison to the average Forward P/E of 20.84 for its industry.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 36% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during 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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