ARKO Corp. (ARKO) closed at $7.96 in the latest trading session, marking a -1.67% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.81%. At the same time, the Dow added 0.27%, and the tech-heavy Nasdaq gained 1.3%.
The stock of company has risen by 0.25% in the past month, lagging the Consumer Staples sector's gain of 3.31% and the S&P 500's gain of 1.13%.
Market participants will be closely following the financial results of ARKO Corp. in its upcoming release. It is anticipated that the company will report an EPS of $0.15, marking a 6.25% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.93 billion, showing a 3.63% drop compared to the year-ago quarter.
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 might also notice recent changes to analyst estimates for ARKO Corp. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. ARKO Corp. presently features a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, ARKO Corp. is currently exchanging hands at a Forward P/E ratio of 27.9. This valuation marks a premium compared to its industry average Forward P/E of 19.64.
The Consumer Products - Staples industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 201, placing it within the bottom 19% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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).