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ARKO Corp. (ARKO) Stock Falls Amid Market Uptick: What Investors Need to Know
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ARKO Corp. (ARKO - Free Report) closed at $8.21 in the latest trading session, marking a -4.87% move from the prior day. The stock's change was less than the S&P 500's daily gain of 1.65%. Elsewhere, the Dow saw an upswing of 0.92%, while the tech-heavy Nasdaq appreciated by 3.07%.
Coming into today, shares of the company had gained 23.46% in the past month. In that same time, the Consumer Staples sector gained 1.76%, while the S&P 500 gained 0.48%.
Analysts and investors alike will be keeping a close eye on the performance of ARKO Corp. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.15, signifying a 6.25% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.93 billion, showing a 3.63% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.29 per share and revenue of $7.43 billion. These totals would mark changes of +93.33% and -2.75%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for ARKO Corp. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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. As of now, ARKO Corp. holds a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, ARKO Corp. is holding a Forward P/E ratio of 29.76. For comparison, its industry has an average Forward P/E of 19.56, which means ARKO Corp. is trading at a premium to the group.
The Consumer Products - Staples industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 182, positioning it in the bottom 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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ARKO Corp. (ARKO) Stock Falls Amid Market Uptick: What Investors Need to Know
ARKO Corp. (ARKO - Free Report) closed at $8.21 in the latest trading session, marking a -4.87% move from the prior day. The stock's change was less than the S&P 500's daily gain of 1.65%. Elsewhere, the Dow saw an upswing of 0.92%, while the tech-heavy Nasdaq appreciated by 3.07%.
Coming into today, shares of the company had gained 23.46% in the past month. In that same time, the Consumer Staples sector gained 1.76%, while the S&P 500 gained 0.48%.
Analysts and investors alike will be keeping a close eye on the performance of ARKO Corp. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.15, signifying a 6.25% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.93 billion, showing a 3.63% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.29 per share and revenue of $7.43 billion. These totals would mark changes of +93.33% and -2.75%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for ARKO Corp. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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. As of now, ARKO Corp. holds a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, ARKO Corp. is holding a Forward P/E ratio of 29.76. For comparison, its industry has an average Forward P/E of 19.56, which means ARKO Corp. is trading at a premium to the group.
The Consumer Products - Staples industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 182, positioning it in the bottom 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.