RICHMOND, Va., July 25, 2024 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (the “Company”) a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that the Company will host a conference call on Tuesday, August 6, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. ARKO Corp.’s management team will host the conference call, followed by a question-and-answer period. The Company will provide its fina ...

ARKO Corp. (ARKO) closed the most recent trading day at $6.31, moving -0.47% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.16%. On the other hand, the Dow registered a loss of 0.14%, and the technology-centric Nasdaq decreased by 0.06%.Coming into today, shares of the company had gained 0.48% in the past month. In that same time, the Consumer Staples sector gained 1.5%, while the S&P 500 gained 1.96%.Analysts and investors alike will be keeping a close e ...

ARKO Corp. (ARKO) closed the most recent trading day at $5.72, moving +0.7% from the previous trading session. This change lagged the S&P 500's 1.02% gain on the day. Meanwhile, the Dow experienced a rise of 1.09%, and the technology-dominated Nasdaq saw an increase of 1.18%.Shares of the company have depreciated by 7.19% over the course of the past month, underperforming the Consumer Staples sector's loss of 2.18% and the S&P 500's gain of 4.44%.Analysts and investors alike will be keeping a close eye on t ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about ARKO Corp. (ARKO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.ARKO currently has an average b ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

ARKO Corp. (ARKO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this company have returned +9% over the past month versus the Zacks S&P 500 composite's +3.5% change. The Zacks Consumer Products - Staples industry, to which ARKO belongs, has gained 3.1% over this period. Now the key question is: Where could the stock be headed in the near term?While medi ...

Many investors anticipate a rate cut later this year, believing that inflation is showing signs of easing. However, U.S. Federal Reserve Governor Michelle Bowman has indicated that since inflation remains high, a rate cut is not justified. Consequently, volatility and uncertainty are likely to continue in the stock market. This underscores the crucial need to construct a portfolio of low-beta stocks, which are expected to provide robust returns while mitigating the impact of market volatility.In this regard ...

Despite U.S. consumer price inflation moderating in May, the Fed has scaled back its interest rate cut projections. Initially forecasting three cuts by the end of 2024, the Fed now plans just one this year. The timing of the rate cut is uncertain and analysts believe the Fed will proceed cautiously, awaiting further signs of inflation stabilization.For investors, higher interest rates pose challenges but also create opportunities. Discerning investors can capitalize on the situation by evaluating intrinsic ...

Company Performance - ARKO Corp. closed at $6.08, down 0.16% from the previous trading session, underperforming the S&P 500 which gained 0.77% [1] - Over the past month, ARKO shares increased by 6.66%, outperforming the Consumer Staples sector which declined by 4.12% and the S&P 500 which rose by 3.71% [1] - The upcoming earnings disclosure is projected to show earnings of $0.18 per share, reflecting a year-over-year growth of 63.64%, while revenue is estimated at $2.41 billion, down 2.51% from the prior-year quarter [1] Full Year Estimates - For the full year, earnings are projected at $0.54 per share, representing a 125% increase, while revenue is expected to be $9.17 billion, a decrease of 2.58% from the previous year [2] - Recent revisions to analyst forecasts for ARKO Corp. are important as they indicate changing business trends, with positive revisions suggesting optimism about the company's outlook [2] Valuation and Ranking - ARKO Corp. has a Zacks Rank of 1 (Strong Buy), with an average annual return of +25% for 1 ranked stocks since 1988 [3] - The company is currently trading at a Forward P/E ratio of 11.38, which is lower than the industry average Forward P/E of 17.72 [3] - The Consumer Products - Staples industry, part of the Consumer Staples sector, holds a Zacks Industry Rank of 65, placing it in the top 26% of over 250 industries [3]

Core Viewpoint - ARKO Corp. has shown a strong performance with a +6.7% return over the past month, outperforming the S&P 500 composite's +3.7% and the Zacks Consumer Products - Staples industry's -2.9% [1] Earnings Estimate Revisions - ARKO is expected to post earnings of $0.18 per share for the current quarter, reflecting a year-over-year increase of +63.6% [2] - The consensus earnings estimate for the current fiscal year is $0.54, indicating a year-over-year change of +125% [3] - For the next fiscal year, the consensus estimate is $0.49, showing a decrease of -8.3% from the previous year [3] - ARKO holds a Zacks Rank 1 (Strong Buy) due to significant changes in earnings estimates and other related factors [3] Revenue Growth Forecast - The consensus sales estimate for ARKO is $2.41 billion for the current quarter, indicating a year-over-year decline of -2.5% [4] - The sales estimates for the current and next fiscal years are $9.17 billion and $9.15 billion, reflecting changes of -2.6% and -0.2%, respectively [4] Last Reported Results and Surprise History - In the last reported quarter, ARKO generated revenues of $2.07 billion, a year-over-year decrease of -0.8% [5] - The EPS reported was -$0.02, compared to -$0.03 a year ago, with a revenue surprise of -1.93% and an EPS surprise of +88.24% [5] - Over the last four quarters, ARKO surpassed EPS estimates once and topped revenue estimates twice [5] Valuation - Valuation metrics such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether ARKO's stock is fairly valued [6] - ARKO is graded A in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [8] Bottom Line - The information suggests that ARKO may outperform the broader market in the near term, supported by its strong Zacks Rank [9]