Examining the Future: Aramark's Earnings Outlook

Aramark (NYSE:ARMK) is set to give its latest quarterly earnings report on Monday, 2024-11-11. Here's what investors need to know before the announcement.

Analysts estimate that Aramark will report an earnings per share (EPS) of $0.54.

Investors in Aramark are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Earnings Track Record

During the last quarter, the company reported an EPS beat by $0.01, leading to a 1.32% increase in the share price on the subsequent day.

Here's a look at Aramark's past performance and the resulting price change:

Quarter

Q3 2024

Q2 2024

Q1 2024

Q4 2023

EPS Estimate

0.30

0.27

0.36

0.64

EPS Actual

0.31

0.29

0.41

0.64

Price Change %

1.0%

4.0%

-1.0%

3.0%

Stock Performance

Shares of Aramark were trading at $38.97 as of November 07. Over the last 52-week period, shares are up 36.64%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Observations about Aramark

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Aramark.

The consensus rating for Aramark is Buy, derived from 6 analyst ratings. An average one-year price target of $41.42 implies a potential 6.29% upside.

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