ARKO Corp. (ARKO) closed at $7.75 in the latest trading session, marking a -2.64% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.19%. On the other hand, the Dow registered a loss of 0.59%, and the technology-centric Nasdaq decreased by 0.05%.
Heading into today, shares of the company had gained 6.28% over the past month, outpacing the Consumer Staples sector's gain of 2.55% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of ARKO Corp. in its upcoming release. In that report, analysts expect ARKO Corp. to post earnings of $0.15 per share. This would mark a year-over-year decline of 6.25%. Alongside, our most recent consensus estimate is anticipating revenue of $1.93 billion, indicating a 3.63% downward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.29 per share and revenue of $7.43 billion. These totals would mark changes of +93.33% and -2.75%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for ARKO Corp. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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, there's been no change in the Zacks Consensus EPS estimate. ARKO Corp. currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ARKO Corp. has a Forward P/E ratio of 27.45 right now. This signifies a premium in comparison to the average Forward P/E of 19.68 for its industry.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 190, finds itself in the bottom 23% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.
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This article originally published on Zacks Investment Research (zacks.com).