Arko Corp. reports results for the quarter ended in June - Earnings Summary

Arko.

06/08/2024 23:51

* Arko Corp.  ARKO.OQ  reported quarterly adjusted earnings
of 11
cents​​ per share for the quarter ended in June, identical to
the same quarter last year.  The mean expectation of
four analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from 2 cents to 10
cents per share.
    * Revenue fell 3.3% to $2.39 billion from a year ago;
analysts
expected $2.36 billion. 
    * Arko Corp.'s reported EPS for the quarter was 11 cents​.
    * The company reported quarterly net income of $12.62
million.
    * Arko Corp. shares had fallen by 7.8% this quarter and
lost 29.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 140%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is also "buy"

Wall Street's median 12-month price target for Arko Corp. is
$8.75 
This summary was machine generated from LSEG data August 6 at
10:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.06           0.11           Beat
 Mar. 31 2024      -0.20          -0.02          Beat
 Dec. 31 2023      0.06           0.00           Missed
 Sep. 30 2023      0.14           0.17           Beat