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Aramark (ARMK) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended March 2024, Aramark (ARMK - Free Report) reported revenue of $4.2 billion, down 8.7% over the same period last year. EPS came in at $0.29, compared to $0.28 in the year-ago quarter.
The reported revenue represents a surprise of -1.07% over the Zacks Consensus Estimate of $4.25 billion. With the consensus EPS estimate being $0.26, the EPS surprise was +11.54%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Aramark performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- FSS International: $1.16 billion compared to the $1.19 billion average estimate based on four analysts. The reported number represents a change of +7.7% year over year.
Revenues- FSS United States: $3.04 billion versus the four-analyst average estimate of $3.05 billion. The reported number represents a year-over-year change of +7.1%.
Operating Income- FSS United States: $144 million versus $142.49 million estimated by two analysts on average.
Operating Income- FSS International: $43 million versus the two-analyst average estimate of $45.20 million.
Adjusted Operating Income- Corporate: -$28 million versus -$31.32 million estimated by two analysts on average.
Adjusted Operating Income- FSS United States: $168 million compared to the $161.35 million average estimate based on two analysts.
Adjusted Operating Income- FSS International: $47 million versus the two-analyst average estimate of $48.38 million.
Operating Income- Corporate: -$28 million versus the two-analyst average estimate of -$31.32 million.
Shares of Aramark have returned -2.8% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Aramark (ARMK) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended March 2024, Aramark (ARMK - Free Report) reported revenue of $4.2 billion, down 8.7% over the same period last year. EPS came in at $0.29, compared to $0.28 in the year-ago quarter.
The reported revenue represents a surprise of -1.07% over the Zacks Consensus Estimate of $4.25 billion. With the consensus EPS estimate being $0.26, the EPS surprise was +11.54%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Aramark performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- FSS International: $1.16 billion compared to the $1.19 billion average estimate based on four analysts. The reported number represents a change of +7.7% year over year.
- Revenues- FSS United States: $3.04 billion versus the four-analyst average estimate of $3.05 billion. The reported number represents a year-over-year change of +7.1%.
- Operating Income- FSS United States: $144 million versus $142.49 million estimated by two analysts on average.
- Operating Income- FSS International: $43 million versus the two-analyst average estimate of $45.20 million.
- Adjusted Operating Income- Corporate: -$28 million versus -$31.32 million estimated by two analysts on average.
- Adjusted Operating Income- FSS United States: $168 million compared to the $161.35 million average estimate based on two analysts.
- Adjusted Operating Income- FSS International: $47 million versus the two-analyst average estimate of $48.38 million.
- Operating Income- Corporate: -$28 million versus the two-analyst average estimate of -$31.32 million.
View all Key Company Metrics for Aramark here>>>Shares of Aramark have returned -2.8% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.