ARKO Q2 2024 GAAP EPS $0.11 Misses $0.12 Estimate, Sales $2.388B Beat $2.361B Estimate
Portfolio Pulse from Benzinga Newsdesk
ARKO (NASDAQ:ARKO) reported Q2 2024 earnings per share (EPS) of $0.11, missing the analyst consensus estimate of $0.12 by 8.33%. However, the company reported quarterly sales of $2.388 billion, beating the analyst consensus estimate of $2.361 billion by 1.16%. This represents a 3.28% decrease in sales compared to the same period last year.
August 06, 2024 | 8:40 pm
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NEUTRAL IMPACT
ARKO reported Q2 2024 EPS of $0.11, missing the $0.12 estimate, but sales of $2.388 billion beat the $2.361 billion estimate. Sales decreased by 3.28% YoY.
The mixed results, with EPS missing estimates but sales beating them, create a neutral short-term impact. The YoY sales decline adds a slight negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100