In the latest trading session, ARC Document Solutions closed at $2.69, marking a -1.47% move from the previous day. This change lagged the S&P 500's 1.44% loss on the day. Meanwhile, the Dow lost 1.27%, and the Nasdaq, a tech-heavy index, lost 2.06%.
Coming into today, shares of the provider of document services to businesses had lost 9.6% in the past month. In that same time, the Industrial Products sector lost 8.25%, while the S&P 500 lost 2.61%.
Wall Street will be looking for positivity from ARC as it approaches its next earnings report date. This is expected to be November 7, 2018. In that report, analysts expect ARC to post earnings of $0.01 per share. This would mark no growth from the year-ago period. Meanwhile, our latest consensus estimate is calling for revenue of $97.27 million, up 0.84% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.14 per share and revenue of $396.62 million. These totals would mark changes of -6.67% and +0.52%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ARC. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ARC is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that ARC has a Forward P/E ratio of 19.5 right now. This represents a no noticeable deviation compared to its industry's average Forward P/E of 19.5.
The Commercial Printing industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 82, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.