We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Aramark (ARMK) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
Aramark (ARMK - Free Report) reported $4.9 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 11.6%. EPS of $0.64 for the same period compares to $0.48 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.77 billion, representing a surprise of +2.76%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.64.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Aramark performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Food and Support Services- United States: $3.07 billion compared to the $3.04 billion average estimate based on three analysts. The reported number represents a change of +10.1% year over year.
Revenues- Uniform: $701.28 million versus the three-analyst average estimate of $705.94 million. The reported number represents a year-over-year change of +4.6%.
Revenues- Food and Support Services- International: $1.13 billion compared to the $1.05 billion average estimate based on three analysts. The reported number represents a change of +21.3% year over year.
Operating Income- United States: $221.84 million compared to the $223.40 million average estimate based on two analysts.
Operating Income- International: $41.23 million versus $46.85 million estimated by two analysts on average.
Operating Income- Uniform: $58.10 million compared to the $71.18 million average estimate based on two analysts.
Adjusted Operating Income- Corporate: -$30.18 million compared to the -$31.70 million average estimate based on two analysts.
Adjusted Operating Income- North America: $234.12 million versus the two-analyst average estimate of $241.52 million.
Adjusted Operating Income- International: $52.39 million compared to the $49.51 million average estimate based on two analysts.
Adjusted Operating Income- Uniform: $82.82 million versus the two-analyst average estimate of $77.68 million.
Operating income- Corporate: -$43.25 million compared to the -$31.70 million average estimate based on two analysts.
Shares of Aramark have returned +7.3% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Aramark (ARMK) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Aramark (ARMK - Free Report) reported $4.9 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 11.6%. EPS of $0.64 for the same period compares to $0.48 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.77 billion, representing a surprise of +2.76%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.64.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Aramark performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Food and Support Services- United States: $3.07 billion compared to the $3.04 billion average estimate based on three analysts. The reported number represents a change of +10.1% year over year.
- Revenues- Uniform: $701.28 million versus the three-analyst average estimate of $705.94 million. The reported number represents a year-over-year change of +4.6%.
- Revenues- Food and Support Services- International: $1.13 billion compared to the $1.05 billion average estimate based on three analysts. The reported number represents a change of +21.3% year over year.
- Operating Income- United States: $221.84 million compared to the $223.40 million average estimate based on two analysts.
- Operating Income- International: $41.23 million versus $46.85 million estimated by two analysts on average.
- Operating Income- Uniform: $58.10 million compared to the $71.18 million average estimate based on two analysts.
- Adjusted Operating Income- Corporate: -$30.18 million compared to the -$31.70 million average estimate based on two analysts.
- Adjusted Operating Income- North America: $234.12 million versus the two-analyst average estimate of $241.52 million.
- Adjusted Operating Income- International: $52.39 million compared to the $49.51 million average estimate based on two analysts.
- Adjusted Operating Income- Uniform: $82.82 million versus the two-analyst average estimate of $77.68 million.
- Operating income- Corporate: -$43.25 million compared to the -$31.70 million average estimate based on two analysts.
View all Key Company Metrics for Aramark here>>>Shares of Aramark have returned +7.3% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.