In the latest trading session, ARC Document Solutions closed at $2.36, marking a +1.29% move from the previous day. This change outpaced the S&P 500's 1.73% loss on the day. Elsewhere, the Dow lost 1.19%, while the tech-heavy Nasdaq lost 2.07%.
Prior to today's trading, shares of the provider of document services to businesses had lost 20.75% over the past month. This has lagged the Industrial Products sector's loss of 16.23% and the S&P 500's loss of 7.09% in that time.
ARC will be looking to display strength as it nears its next earnings release, which is expected to be November 7, 2018. The company is expected to report EPS of $0.01, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $97.27 million, up 0.84% from the year-ago period.
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 might also notice recent changes to analyst estimates for ARC. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ARC is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that ARC has a Forward P/E ratio of 16.64 right now. Its industry sports an average Forward P/E of 16.64, so we one might conclude that ARC is trading at a no noticeable deviation comparatively.
The Commercial Printing industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 77, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.