ARKO Q4 Sales $2.23B Miss $2.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
ARKO reported Q4 sales of $2.23 billion, missing the analyst consensus estimate of $2.43 billion by 8.10%. This represents a 2.43% increase over the same period last year.
February 27, 2024 | 10:07 pm
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NEGATIVE IMPACT
ARKO's Q4 sales of $2.23 billion missed the $2.43 billion estimate, an 8.10% miss, but showed a 2.43% increase from last year.
Missing the analyst consensus estimate by 8.10% is likely to negatively impact investor sentiment in the short term, despite the year-over-year growth. The miss could lead to a decrease in stock price as it may raise concerns about the company's ability to meet expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100