ARC Document Solutions closed the most recent trading day at $2.77, moving -0.72% from the previous trading session. This change lagged the S&P 500's 0.48% gain on the day. Elsewhere, the Dow gained 0.53%, while the tech-heavy Nasdaq added 0.8%.
Heading into today, shares of the provider of document services to businesses had gained 18.22% over the past month, outpacing the Industrial Products sector's loss of 0.98% and the S&P 500's loss of 2.09% in that time.
ARC will be looking to display strength as it nears its next earnings release, which is expected to be February 26, 2019. On that day, ARC is projected to report earnings of $0.02 per share, which would represent no growth from the year-ago period. Meanwhile, our latest consensus estimate is calling for revenue of $97.46 million, up 0.36% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for ARC. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ARC currently has a Zacks Rank of #2 (Buy).
Digging into valuation, ARC currently has a Forward P/E ratio of 15.5. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 15.5.
The Commercial Printing industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 31% 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.
To follow ARC in the coming trading sessions, be sure to utilize Zacks.com.