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
ARKO Corp. (ARKO - Free Report) closed at $6.87 in the latest trading session, marking a +0.29% move from the prior day. This move lagged the S&P 500's daily gain of 0.4%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.63%.
Shares of the company have depreciated by 5.39% over the course of the past month, underperforming the Consumer Staples sector's loss of 2.13% and the S&P 500's gain of 3.76%.
Market participants will be closely following the financial results of ARKO Corp. in its upcoming release. The company is expected to report EPS of $0.16, down 5.88% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.43 billion, down 7.41% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.31 per share and a revenue of $9.18 billion, signifying shifts of +29.17% and -2.52%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for ARKO Corp. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, ARKO Corp. possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, ARKO Corp. is holding a Forward P/E ratio of 22.46. This signifies a premium in comparison to the average Forward P/E of 20.05 for its industry.
The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 107, this industry ranks in the top 43% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ARKO in the coming trading sessions, be sure to utilize Zacks.com.
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
ARKO Corp. (ARKO - Free Report) closed at $6.87 in the latest trading session, marking a +0.29% move from the prior day. This move lagged the S&P 500's daily gain of 0.4%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.63%.
Shares of the company have depreciated by 5.39% over the course of the past month, underperforming the Consumer Staples sector's loss of 2.13% and the S&P 500's gain of 3.76%.
Market participants will be closely following the financial results of ARKO Corp. in its upcoming release. The company is expected to report EPS of $0.16, down 5.88% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.43 billion, down 7.41% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.31 per share and a revenue of $9.18 billion, signifying shifts of +29.17% and -2.52%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for ARKO Corp. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, ARKO Corp. possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, ARKO Corp. is holding a Forward P/E ratio of 22.46. This signifies a premium in comparison to the average Forward P/E of 20.05 for its industry.
The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 107, this industry ranks in the top 43% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ARKO in the coming trading sessions, be sure to utilize Zacks.com.