ARKO Q2 EPS $0.11 Misses $0.21 Estimate, Sales $2.469B Beat $2.46B Estimate
Portfolio Pulse from Benzinga Newsdesk
ARKO Corp. reported Q2 earnings of $0.11 per share, missing the analyst consensus estimate of $0.21 by 47.62%. This is a 54.17% decrease from the same period last year. However, the company's quarterly sales of $2.469 billion beat the analyst consensus estimate of $2.46 billion by 0.45%, despite being a 2.80% decrease from the same period last year.
August 07, 2023 | 8:34 pm
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NEGATIVE IMPACT
ARKO's Q2 earnings per share missed estimates by 47.62%, and sales beat estimates by 0.45%.
ARKO's earnings per share fell significantly short of analyst estimates, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price. However, the company's sales beat estimates, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100