ARKO Slides 3.52% as Quarterly Forecasts Come Into Focus

ARKO Corp. shares fell 3.52% to $4.11 in the latest session, underperforming the S&P 500's 0.17% decline. The Dow lost 0.26%, while the Nasdaq fell 0.09%.

Before the session, the shares had lost 6.58% over the past month. The Consumer Staples sector was down 3.69% over that period, while the S&P 500 slipped 0.24%.

Investors are also watching ARKO's upcoming earnings release. Zacks' consensus calls for quarterly earnings of $0.12 a share, up 20% from a year earlier, and revenue of $2.02 billion, down 0.07%.

For the full year, Zacks consensus estimates put earnings at $0.11 per share and revenue at $7.99 billion. Those figures represent changes of -26.67% and +4.57%, respectively, from the prior year.

Zacks said its consensus EPS estimate had not changed in the past month. The publisher put ARKO's forward P/E at 38.73, compared with an industry average of 19.42.