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ARKO Corp. (ARKO) Laps the Stock Market: Here's Why
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ARKO Corp. (ARKO - Free Report) closed the most recent trading day at $5.68, moving +1.97% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 1.18%. Meanwhile, the Dow experienced a rise of 0.66%, and the technology-dominated Nasdaq saw an increase of 1.96%.
Heading into today, shares of the company had gained 10.52% over the past month, outpacing the Consumer Staples sector's loss of 1.99% and the S&P 500's gain of 3.93%.
Investors will be eagerly watching for the performance of ARKO Corp. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.16, signifying a 33.33% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.65 billion, reflecting a 9.69% fall from the equivalent quarter last year.
ARKO's full-year Zacks Consensus Estimates are calling for earnings of $0.26 per share and revenue of $7.27 billion. These results would represent year-over-year changes of +73.33% and -4.93%, respectively.
Investors might also notice recent changes to analyst estimates for ARKO Corp. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, there's been a 18.18% rise in the Zacks Consensus EPS estimate. Right now, ARKO Corp. possesses a Zacks Rank of #2 (Buy).
In terms of valuation, ARKO Corp. is presently being traded at a Forward P/E ratio of 21.42. Its industry sports an average Forward P/E of 19.16, so one might conclude that ARKO Corp. is trading at a premium comparatively.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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ARKO Corp. (ARKO) Laps the Stock Market: Here's Why
ARKO Corp. (ARKO - Free Report) closed the most recent trading day at $5.68, moving +1.97% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 1.18%. Meanwhile, the Dow experienced a rise of 0.66%, and the technology-dominated Nasdaq saw an increase of 1.96%.
Heading into today, shares of the company had gained 10.52% over the past month, outpacing the Consumer Staples sector's loss of 1.99% and the S&P 500's gain of 3.93%.
Investors will be eagerly watching for the performance of ARKO Corp. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.16, signifying a 33.33% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.65 billion, reflecting a 9.69% fall from the equivalent quarter last year.
ARKO's full-year Zacks Consensus Estimates are calling for earnings of $0.26 per share and revenue of $7.27 billion. These results would represent year-over-year changes of +73.33% and -4.93%, respectively.
Investors might also notice recent changes to analyst estimates for ARKO Corp. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, there's been a 18.18% rise in the Zacks Consensus EPS estimate. Right now, ARKO Corp. possesses a Zacks Rank of #2 (Buy).
In terms of valuation, ARKO Corp. is presently being traded at a Forward P/E ratio of 21.42. Its industry sports an average Forward P/E of 19.16, so one might conclude that ARKO Corp. is trading at a premium comparatively.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.