Arko Corp. reports results for the quarter ended March 31 - Earnings Summary

• Arko Corp. ARKO.OQ reported a quarterly adjusted loss of 12 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of three analysts for the quarter was for a loss of 17 cents per share. Wall Street expected results to range from -18 cents to -16 cents per share.

• Revenue fell 11.8% to $1.83 billion from a year ago; analysts expected $1.85 billion.

• Arko Corp.'s reported EPS for the quarter was a loss of 12 cents​.

• The company reported a quarterly loss of $14.09 million.

• Arko Corp. shares had risen by 4.1% this quarter and lost 37.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 88.9% 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 2 "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 $7.13

This summary was machine generated from LSEG data May 8 at 10:30 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)