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Exploring Analyst Estimates for Aramark (ARMK) Q3 Earnings, Beyond Revenue and EPS
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In its upcoming report, Aramark (ARMK - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.48 per share, reflecting an increase of 20% compared to the same period last year. Revenues are forecasted to be $4.95 billion, representing a year-over-year increase of 6.9%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Aramark metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenues- FSS International' should arrive at $1.52 billion. The estimate indicates a year-over-year change of +10.4%.
The consensus estimate for 'Revenues- FSS United States' stands at $3.44 billion. The estimate suggests a change of +5.8% year over year.
Analysts' assessment points toward 'Operating Income- FSS United States' reaching $179.26 million. The estimate is in contrast to the year-ago figure of $160.03 million.
The combined assessment of analysts suggests that 'Operating Income- FSS International' will likely reach $74.47 million. The estimate is in contrast to the year-ago figure of $49.06 million.
Analysts expect 'Adjusted Operating Income- FSS United States' to come in at $202.37 million. Compared to the current estimate, the company reported $189.30 million in the same quarter of the previous year.
It is projected by analysts that the 'Adjusted Operating Income- FSS International' will reach $81.70 million. The estimate is in contrast to the year-ago figure of $67.43 million.
Shares of Aramark have experienced a change of +0.7% in the past month compared to the +3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), ARMK is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for Aramark (ARMK) Q3 Earnings, Beyond Revenue and EPS
In its upcoming report, Aramark (ARMK - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.48 per share, reflecting an increase of 20% compared to the same period last year. Revenues are forecasted to be $4.95 billion, representing a year-over-year increase of 6.9%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Aramark metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenues- FSS International' should arrive at $1.52 billion. The estimate indicates a year-over-year change of +10.4%.
The consensus estimate for 'Revenues- FSS United States' stands at $3.44 billion. The estimate suggests a change of +5.8% year over year.
Analysts' assessment points toward 'Operating Income- FSS United States' reaching $179.26 million. The estimate is in contrast to the year-ago figure of $160.03 million.
The combined assessment of analysts suggests that 'Operating Income- FSS International' will likely reach $74.47 million. The estimate is in contrast to the year-ago figure of $49.06 million.
Analysts expect 'Adjusted Operating Income- FSS United States' to come in at $202.37 million. Compared to the current estimate, the company reported $189.30 million in the same quarter of the previous year.
It is projected by analysts that the 'Adjusted Operating Income- FSS International' will reach $81.70 million. The estimate is in contrast to the year-ago figure of $67.43 million.
View all Key Company Metrics for Aramark here>>>Shares of Aramark have experienced a change of +0.7% in the past month compared to the +3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), ARMK is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .