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ARKO Corp. (ARKO) Stock Drops Despite Market Gains: Important Facts to Note
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ARKO Corp. (ARKO - Free Report) closed at $4.47 in the latest trading session, marking a -1.54% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.19%. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq lost 0.03%.
Shares of the company have depreciated by 6.78% over the course of the past month, underperforming the Consumer Staples sector's loss of 1.23%, and the S&P 500's gain of 0.54%.
The investment community will be closely monitoring the performance of ARKO Corp. in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.01, showcasing a 66.67% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.81 billion, indicating a 9.33% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.13 per share and revenue of $7.63 billion, indicating changes of 0% and 0%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for ARKO Corp. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ARKO Corp. is currently sporting a Zacks Rank of #4 (Sell).
From a valuation perspective, ARKO Corp. is currently exchanging hands at a Forward P/E ratio of 37.83. This represents a premium compared to its industry average Forward P/E of 20.52.
The Consumer Products - Staples industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 216, positioning it in the bottom 12% of all 250+ industries.
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.
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ARKO Corp. (ARKO) Stock Drops Despite Market Gains: Important Facts to Note
ARKO Corp. (ARKO - Free Report) closed at $4.47 in the latest trading session, marking a -1.54% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.19%. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq lost 0.03%.
Shares of the company have depreciated by 6.78% over the course of the past month, underperforming the Consumer Staples sector's loss of 1.23%, and the S&P 500's gain of 0.54%.
The investment community will be closely monitoring the performance of ARKO Corp. in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.01, showcasing a 66.67% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.81 billion, indicating a 9.33% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.13 per share and revenue of $7.63 billion, indicating changes of 0% and 0%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for ARKO Corp. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ARKO Corp. is currently sporting a Zacks Rank of #4 (Sell).
From a valuation perspective, ARKO Corp. is currently exchanging hands at a Forward P/E ratio of 37.83. This represents a premium compared to its industry average Forward P/E of 20.52.
The Consumer Products - Staples industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 216, positioning it in the bottom 12% of all 250+ industries.
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.