In the latest trading session, ARKO Corp. (ARKO) closed at $4.53, marking a -2.37% move from the previous day. This move lagged the S&P 500's daily loss of 0.79%. On the other hand, the Dow registered a loss of 0.94%, and the technology-centric Nasdaq decreased by 0.92%.
Heading into today, shares of the company had gained 6.42% over the past month, outpacing the Consumer Staples sector's gain of 0.23% and the S&P 500's gain of 5.22%.
The investment community will be closely monitoring the performance of ARKO Corp. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.12, reflecting a 9.09% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.07 billion, down 13.12% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.08 per share and revenue of $7.87 billion, indicating changes of -38.46% and -9.84%, respectively, compared to the previous year.
Any recent changes to analyst estimates for ARKO Corp. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. ARKO Corp. presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ARKO Corp. has a Forward P/E ratio of 58 right now. This denotes a premium relative to the industry average Forward P/E of 18.9.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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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