ARKO Corp. (ARKO) closed at $5.49 in the latest trading session, marking a -1.96% move from the prior day. This change lagged the S&P 500's daily gain of 2.51%. Meanwhile, the Dow gained 2.85%, and the Nasdaq, a tech-heavy index, added 2.8%.
The company's shares have seen a decrease of 1.41% over the last month, surpassing the Consumer Staples sector's loss of 5.42% and the S&P 500's loss of 1.66%.
Analysts and investors alike will be keeping a close eye on the performance of ARKO Corp. in its upcoming earnings disclosure. The company is expected to report EPS of -$0.16, down 33.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.65 billion, down 9.69% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.26 per share and a revenue of $7.27 billion, indicating changes of +73.33% and -4.93%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ARKO Corp. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 18.18% increase. Right now, ARKO Corp. possesses a Zacks Rank of #2 (Buy).
Looking at its valuation, ARKO Corp. is holding a Forward P/E ratio of 21.54. This signifies a premium in comparison to the average Forward P/E of 18.94 for its industry.
The Consumer Products - Staples industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 183, placing it within the bottom 25% of over 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.
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).