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Aramark (ARMK) Matches Q4 Earnings Estimates
AramarkAramark(US:ARMK) ZACKS·2024-11-11 13:51

Core Viewpoint - Aramark reported quarterly earnings of $0.54 per share, matching the Zacks Consensus Estimate, but down from $0.64 per share a year ago, with revenues of $4.42 billion, missing estimates by 0.51% and down from $4.9 billion year-over-year [1][2]. Financial Performance - The company has surpassed consensus EPS estimates three times over the last four quarters [2]. - Aramark's shares have increased by approximately 39.2% year-to-date, outperforming the S&P 500's gain of 25.7% [3]. Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.49 for the next quarter and $1.91 for the current fiscal year, with revenues expected to be $4.66 billion and $18.45 billion respectively [7]. - The estimate revisions trend for Aramark is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]. Industry Context - The Zacks Industry Rank for Food - Miscellaneous places it in the bottom 36% of over 250 industries, suggesting that the industry's outlook could significantly impact Aramark's stock performance [8].