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ARKO Corp. (ARKO) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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ARKO Corp. (ARKO - Free Report) ended the recent trading session at $6.57, demonstrating a -5.87% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.64%. Meanwhile, the Dow experienced a drop of 0.59%, and the technology-dominated Nasdaq saw a decrease of 0.59%.
Coming into today, shares of the company had gained 30.47% in the past month. In that same time, the Consumer Staples sector gained 2.08%, while the S&P 500 gained 9.33%.
Investors will be eagerly watching for the performance of ARKO Corp. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.16, reflecting a 33.33% decrease from the same quarter last 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.
For the full year, the Zacks Consensus Estimates project earnings of $0.26 per share and a revenue of $7.27 billion, demonstrating changes of +73.33% and -4.93%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for ARKO Corp. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. ARKO Corp. is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that ARKO Corp. has a Forward P/E ratio of 26.85 right now. This signifies a premium in comparison to the average Forward P/E of 20.68 for its industry.
The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 180, this industry ranks in the bottom 27% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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ARKO Corp. (ARKO) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ARKO Corp. (ARKO - Free Report) ended the recent trading session at $6.57, demonstrating a -5.87% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.64%. Meanwhile, the Dow experienced a drop of 0.59%, and the technology-dominated Nasdaq saw a decrease of 0.59%.
Coming into today, shares of the company had gained 30.47% in the past month. In that same time, the Consumer Staples sector gained 2.08%, while the S&P 500 gained 9.33%.
Investors will be eagerly watching for the performance of ARKO Corp. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.16, reflecting a 33.33% decrease from the same quarter last 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.
For the full year, the Zacks Consensus Estimates project earnings of $0.26 per share and a revenue of $7.27 billion, demonstrating changes of +73.33% and -4.93%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for ARKO Corp. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. ARKO Corp. is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that ARKO Corp. has a Forward P/E ratio of 26.85 right now. This signifies a premium in comparison to the average Forward P/E of 20.68 for its industry.
The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 180, this industry ranks in the bottom 27% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.