We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why ARKO Corp. (ARKO) Gained But Lagged the Market Today
Read MoreHide Full Article
In the latest market close, ARKO Corp. (ARKO - Free Report) reached $6.98, with a +0.43% movement compared to the previous day. This change lagged the S&P 500's 0.97% gain on the day. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 1.45%.
The the stock of company has risen by 17.6% in the past month, leading the Consumer Staples sector's loss of 3.52% and the S&P 500's gain of 5.41%.
Market participants will be closely following the financial results of ARKO Corp. in its upcoming release. The company's upcoming EPS is projected at $0.16, signifying a 5.88% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.43 billion, indicating a 7.41% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.31 per share and a revenue of $9.18 billion, demonstrating changes of +29.17% and -2.52%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for ARKO Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. ARKO Corp. is currently a Zacks Rank #4 (Sell).
Investors should also note ARKO Corp.'s current valuation metrics, including its Forward P/E ratio of 22.79. This indicates a premium in contrast to its industry's Forward P/E of 19.31.
The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 147, this industry ranks in the bottom 42% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why ARKO Corp. (ARKO) Gained But Lagged the Market Today
In the latest market close, ARKO Corp. (ARKO - Free Report) reached $6.98, with a +0.43% movement compared to the previous day. This change lagged the S&P 500's 0.97% gain on the day. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 1.45%.
The the stock of company has risen by 17.6% in the past month, leading the Consumer Staples sector's loss of 3.52% and the S&P 500's gain of 5.41%.
Market participants will be closely following the financial results of ARKO Corp. in its upcoming release. The company's upcoming EPS is projected at $0.16, signifying a 5.88% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.43 billion, indicating a 7.41% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.31 per share and a revenue of $9.18 billion, demonstrating changes of +29.17% and -2.52%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for ARKO Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. ARKO Corp. is currently a Zacks Rank #4 (Sell).
Investors should also note ARKO Corp.'s current valuation metrics, including its Forward P/E ratio of 22.79. This indicates a premium in contrast to its industry's Forward P/E of 19.31.
The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 147, this industry ranks in the bottom 42% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.