ARKO Corp. (ARKO) ended the recent trading session at $4.13, demonstrating a -2.36% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.47%. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 1.25%.
Prior to today's trading, shares of the company had lost 4.73% lagged the Consumer Staples sector's loss of 4.53% and the S&P 500's gain of 1.15%.
Analysts and investors alike will be keeping a close eye on the performance of ARKO Corp. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.12, signifying a 20.00% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $2.02 billion, reflecting a 0.07% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.11 per share and a revenue of $7.99 billion, signifying shifts of -26.67% and +4.57%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ARKO Corp. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 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, the Zacks Consensus EPS estimate remained stagnant. Right now, ARKO Corp. possesses a Zacks Rank of #5 (Strong Sell).
Digging into valuation, ARKO Corp. currently has a Forward P/E ratio of 38.46. This denotes a premium relative to the industry average Forward P/E of 19.56.
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 evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).