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ARKO Corp. (ARKO) Rises Higher Than Market: Key Facts
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In the latest trading session, ARKO Corp. (ARKO - Free Report) closed at $4.61, marking a +1.99% move from the previous day. This move outpaced the S&P 500's daily gain of 0.78%. Elsewhere, the Dow saw an upswing of 1.14%, while the tech-heavy Nasdaq appreciated by 0.61%.
Coming into today, shares of the company had lost 5.64% in the past month. In that same time, the Consumer Staples sector gained 0.58%, while the S&P 500 gained 5.88%.
The upcoming earnings release of ARKO Corp. will be of great interest to investors. The company's upcoming EPS is projected at $0.12, signifying a 9.09% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.07 billion, indicating a 13.12% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.08 per share and a revenue of $7.87 billion, demonstrating changes of -38.46% and -9.84%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for ARKO Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. ARKO Corp. currently has a Zacks Rank of #3 (Hold).
Looking at valuation, ARKO Corp. is presently trading at a Forward P/E ratio of 56.5. This indicates a premium in contrast to its industry's Forward P/E of 20.4.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons 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.
To follow ARKO in the coming trading sessions, be sure to utilize Zacks.com.
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ARKO Corp. (ARKO) Rises Higher Than Market: Key Facts
In the latest trading session, ARKO Corp. (ARKO - Free Report) closed at $4.61, marking a +1.99% move from the previous day. This move outpaced the S&P 500's daily gain of 0.78%. Elsewhere, the Dow saw an upswing of 1.14%, while the tech-heavy Nasdaq appreciated by 0.61%.
Coming into today, shares of the company had lost 5.64% in the past month. In that same time, the Consumer Staples sector gained 0.58%, while the S&P 500 gained 5.88%.
The upcoming earnings release of ARKO Corp. will be of great interest to investors. The company's upcoming EPS is projected at $0.12, signifying a 9.09% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.07 billion, indicating a 13.12% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.08 per share and a revenue of $7.87 billion, demonstrating changes of -38.46% and -9.84%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for ARKO Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. ARKO Corp. currently has a Zacks Rank of #3 (Hold).
Looking at valuation, ARKO Corp. is presently trading at a Forward P/E ratio of 56.5. This indicates a premium in contrast to its industry's Forward P/E of 20.4.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons 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.
To follow ARKO in the coming trading sessions, be sure to utilize Zacks.com.