Aramark (NYSE:ARMK) is reporting fourth quarter earnings results on Tuesday 17th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.34 per share.
For the full year, analysts predict revenues of $ 12778.30 million, while looking forward to loss of $ 0.15 per share.
Previous Quarter Performance
Aramark unveiled loss for the third quarter of $ 0.69 per share, from the revenue of $ 2,152.00 million. The quarterly revenues contracted 46.34 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.68 per share from $ 2169.15 million in revenue. The bottom line results missed street analysts by $ 0.01 or 1.47 percent, at the same time, top line results fell short of analysts by $ 17.15 million or 0.79 percent.
Stock Performance
Shares of Aramark traded up $ 0.94 or 2.75 percent on Monday, reaching $ 35.13 with volume of 2.52 million shares. Aramark has traded high as $ 35.42 and has cracked $ 34.29 on the downward trend
According to the previous trading day, closing price of $ 35.13, representing a 254.30 % increase from the 52 week low of $ 9.65 and a 27.59 % decrease over the 52 week high of $ 47.22.
The company has a market capital of $ 8.89 billion and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 25th September 2020, maintained by Oppenheimer at Outperform rating, with $ 35.00 target price.
Conference Call
Aramark will be hosting a conference call at 8:30 AM eastern time on 17th November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, 833-726-8488 Toll Free or 830-213-7680 Outside U.S., with passcode : 7486759 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.aramark.com
Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel. The company offers managed services, including dining, catering, food service management, and convenience-oriented retail operations; non-clinical support services, such as patient food and nutrition, retail food, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, clinical equipment maintenance, grounds keeping, and capital project management services.
