ARKO Corp. (ARKO) closed the most recent trading day at $4.03, moving -1.71% from the previous trading session. This move lagged the S&P 500's daily gain of 0.41%. On the other hand, the Dow registered a loss of 0.07%, and the technology-centric Nasdaq increased by 1.11%.
Heading into today, shares of the company had lost 2.84% over the past month, lagging the Consumer Staples sector's gain of 3.59% and the S&P 500's gain of 1.46%.
Analysts and investors alike will be keeping a close eye on the performance of ARKO Corp. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.12, showcasing a 20% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.02 billion, down 0.07% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.11 per share and revenue of $7.99 billion. These totals would mark changes of -26.67% and +4.57%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ARKO Corp. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, ARKO Corp. holds a Zacks Rank of #3 (Hold).
With respect to valuation, ARKO Corp. is currently being traded at a Forward P/E ratio of 37.27. This indicates a premium in contrast to its industry's Forward P/E of 20.92.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 195, which puts it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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This article originally published on Zacks Investment Research (zacks.com).