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ARKO Corp. (ARKO) Increases Despite Market Slip: Here's What You Need to Know
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In the latest close session, ARKO Corp. (ARKO - Free Report) was up +1.11% at $4.57. The stock's change was more than the S&P 500's daily loss of 0.48%. Elsewhere, the Dow saw a downswing of 0.29%, while the tech-heavy Nasdaq depreciated by 0.56%.
Shares of the company have depreciated by 6.8% over the course of the past month, underperforming the Consumer Staples sector's loss of 0.52%, and the S&P 500's loss of 0.82%.
The investment community will be closely monitoring the performance of ARKO Corp. in its forthcoming earnings report. The company is expected to report EPS of $0.12, up 20% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.91 billion, down 5.31% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.11 per share and revenue of $7.66 billion, indicating changes of -26.67% and +0.26%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for ARKO Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, ARKO Corp. boasts a Zacks Rank of #5 (Strong Sell).
With respect to valuation, ARKO Corp. is currently being traded at a Forward P/E ratio of 41.09. This valuation marks a premium compared to its industry average Forward P/E of 18.63.
The Consumer Products - Staples industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 196, placing it within the bottom 21% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
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ARKO Corp. (ARKO) Increases Despite Market Slip: Here's What You Need to Know
In the latest close session, ARKO Corp. (ARKO - Free Report) was up +1.11% at $4.57. The stock's change was more than the S&P 500's daily loss of 0.48%. Elsewhere, the Dow saw a downswing of 0.29%, while the tech-heavy Nasdaq depreciated by 0.56%.
Shares of the company have depreciated by 6.8% over the course of the past month, underperforming the Consumer Staples sector's loss of 0.52%, and the S&P 500's loss of 0.82%.
The investment community will be closely monitoring the performance of ARKO Corp. in its forthcoming earnings report. The company is expected to report EPS of $0.12, up 20% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.91 billion, down 5.31% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.11 per share and revenue of $7.66 billion, indicating changes of -26.67% and +0.26%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for ARKO Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, ARKO Corp. boasts a Zacks Rank of #5 (Strong Sell).
With respect to valuation, ARKO Corp. is currently being traded at a Forward P/E ratio of 41.09. This valuation marks a premium compared to its industry average Forward P/E of 18.63.
The Consumer Products - Staples industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 196, placing it within the bottom 21% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.