Aramark ($ARMK) Stock Forecast: Down 5.7% Today

What is Aramark?

Aramark (ARMK) operates in food services and facilities management, and is listed on the NYSE. The stock saw a significant decline in value today due to various factors impacting the market.

Why is Aramark going down?

ARMK stock is down 5.7% on Nov 12, 2024 14:42

• Aramark's Q4 results revealed a 5% year-over-year increase in revenue, which was below market expectations. This revenue shortfall may have disappointed investors and contributed to the stock's downward trend.
• While the Q4 earnings met estimates, concerns arose regarding the company's growth outlook due to the revenue miss. This raised apprehensions among investors and influenced negative market sentiment.
• Despite an 11% rise in dividend, it was insufficient to counterbalance the impact of the revenue shortfall. This suggests that investors may currently prioritize revenue and growth indicators over other factors.
• In summary, the bearish movement in Aramark's stock today appears to be driven by a mix of financial performance and broader market conditions.

ARMK Price Chart

ARMK Technical Analysis

ARMK News

Company News for Nov 12, 2024

Companies In The News Are: ICL, ARMK, ABBV, SPNS.

https://www.zacks.com/stock/news/2368572/company-news-for-nov-12-2024

Food Company Aramark Posts Mixed Q4, Increases Dividend By 11% & More - Aramark ( NYSE:ARMK )

Aramark ARMK shares are trading higher after the company reported fourth-quarter results and raised quarterly dividend. Revenue grew 5% year-over-year ( Organic revenue: +7% ) to $4.42 billion, missing the consensus of $4.46 billion.

https://www.benzinga.com/news/buybacks/24/11/41876916/food-company-aramark-posts-mixed-q4-increases-dividend-by-11-more

Aramark ( ARMK ) Matches Q4 Earnings Estimates

Aramark (ARMK) delivered earnings and revenue surprises of 0% and 0.51%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2367925/aramark-armk-matches-q4-earnings-estimates

Aramark, Live Nation Entertainment And 3 Stocks To Watch Heading Into Monday - Aramark ( NYSE:ARMK )

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Aramark ARMK to report quarterly earnings at 53 cents per share on revenue of $4.46 billion before the opening bell, according to data from ...

https://www.benzinga.com/news/earnings/24/11/41871434/aramark-live-nation-entertainment-and-3-stocks-to-watch-heading-into-monday

Gear Up for Aramark ( ARMK ) Q4 Earnings: Wall Street Estimates for Key Metrics

Get a deeper insight into the potential performance of Aramark (ARMK) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

https://www.zacks.com/stock/news/2365104/gear-up-for-aramark-armk-q4-earnings-wall-street-estimates-for-key-metrics

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Aramark Price History

11.10.2024 - ARMK Stock was down 3.0%

• Aramark reported mixed Q4 results with revenue growth of 5% year-over-year, slightly missing consensus expectations. This could have contributed to the bearish movement as investors may have been disappointed with the performance.
• Despite matching Q4 earnings estimates, the stock still faced downward pressure, indicating that investors may have been expecting more positive surprises.
• The increase in dividend by 11% could have been overshadowed by the revenue miss, leading to a negative sentiment among investors.
• The overall market optimism with U.S. stock futures trading higher may have highlighted Aramark's underperformance, causing the stock to decline despite the positive broader market sentiment.

07.04.2024 - ARMK Stock was down 0.6%

• Aramark exceeded Q2 earnings expectations and achieved record revenue, yet its stock showed a downward trend.
• Investor profit-taking following a strong performance may have triggered the negative market reaction.
• Despite positive earnings, concerns about sustaining future growth led to a sell-off by investors.
• The stock's decline may also reflect broader market trends or challenges specific to the sector affecting investor confidence in Aramark.

12.10.2024 - ARMK Stock was down 5.7%

• Aramark (ARMK) shares plummeted as the company reported mixed Q4 results, with revenue growth falling short of expectations.
• Despite matching Q4 earnings estimates, the slight revenue miss and uncertainties about future performance may have contributed to the bearish market movement.
• The increase in dividend by 11% was not enough to offset investor concerns about the company's overall financial health and growth prospects.
• The overall market sentiment towards Aramark (ARMK) turned bearish as investors reevaluated their positions based on the company's latest financial performance.

12.10.2024 - ARMK Stock was down 5.7%

• Aramark's Q4 results revealed a 5% year-over-year increase in revenue, which was below market expectations. This revenue shortfall may have disappointed investors and contributed to the stock's downward trend.
• While the Q4 earnings met estimates, concerns arose regarding the company's growth outlook due to the revenue miss. This raised apprehensions among investors and influenced negative market sentiment.
• Despite an 11% rise in dividend, it was insufficient to counterbalance the impact of the revenue shortfall. This suggests that investors may currently prioritize revenue and growth indicators over other factors.
• In summary, the bearish movement in Aramark's stock today appears to be driven by a mix of financial performance and broader market conditions.

06.01.2024 - ARMK Stock was up 5.8%

• The positive earnings projections for Aramark in an article from Benzinga could have contributed to the bullish movement. The market may have reacted positively to the expected earnings per share and revenue figures.
• an article from Zacks Commentary suggests that analysts were exploring key metrics beyond revenue and EPS to gain a deeper understanding of Aramark's performance. If these metrics were favorable, it could have boosted investor confidence and led to the bullish movement.
• an article from Zacks Commentary mentions that Aramark's Q1 earnings were expected to decline, which might have initially dampened market sentiment. However, since the stock had a bullish movement, it's possible that the actual earnings report exceeded expectations, surprising investors and driving the positive market movement.
• In summary, the bullish movement in ARMK could be attributed to positive earnings projections, favorable key metrics, and potential earnings beat despite initial expectations of a decline.

14.10.2023 - ARMK Stock was down 5.1%

• Aramark reported robust fiscal 2023 results with strong revenue and earnings growth, which would typically be seen as positive news. However, the stock still experienced a bearish movement.
• The company's Q4 earnings were in line with expectations, indicating stability in performance. Despite this, the stock trended downward.
• Aramark's revenue beat expectations, suggesting a positive financial outlook. Nevertheless, the stock did not reflect this positive news.
• The stock movement may have been influenced by broader market factors or external events not mentioned in the provided articles.

16.09.2023 - ARMK Stock was up 5.1%

• Aramark unveiled new food and beverage programs at seven NBA and NHL venues for the upcoming arena season, which could have generated excitement and positive sentiment among investors.
• The introduction of a special gameday hospitality experience, including a wide range of new menu items and local partnerships, may have increased expectations for increased revenue and customer satisfaction.
• The coverage initiation by StockNews.com with a "hold" rating might have also contributed to the bullish movement, as it indicates a neutral stance on the stock, potentially alleviating concerns and providing a sense of stability.

02.09.2023 - ARMK Stock was down 28.8%

• The completion of the spin-off of Vestis, Aramark's uniform and workplace supplies business, may have contributed to the bearish movement. Investors may be uncertain about the future prospects of the newly independent Vestis.
• The research coverage starting at StockNews.com could have had a negative impact on ARMK's stock price. The coverage might have highlighted concerns or uncertainties about the company's performance.
• The news of Veralto joining the S&P 500 and Vestis joining the S&P MidCap 400, while ARMK remains on the NYSE, could have created a perception of relative underperformance for Aramark. This could have led to a bearish sentiment among investors.

22.07.2023 - ARMK Stock was up 5.2%

• The bullish movement in ARMK stock today could be attributed to the following factors:
• 1. Positive coverage initiation: The recent coverage initiation by StockNews.com with a "hold" rating may have sparked investor interest and confidence in the company's prospects.
• 2. Culinary excellence: The announcement of 16 Aramark chefs graduating from the prestigious ProChef certification program at The Culinary Institute of America showcases the company's commitment to culinary excellence. This achievement may have instilled investor confidence in Aramark's ability to provide high-quality food services, potentially driving the bullish movement.
• 3. Market dominance: As the largest U.S.-based food service company, Aramark's market dominance and widespread presence in various institutions could have contributed to the bullish movement. Investors may view Aramark as a stable and reliable player in the industry, leading to increased demand for the stock.

06.05.2024 - ARMK Stock was up 3.1%

• The partnership with Pringle Robotics to deploy autonomous floor cleaning robots is a strategic move to enhance efficiency and innovation in facilities management.
• The adoption of robotic solutions is likely to lead to cost savings and improved cleaning results, which could positively impact operational performance and bottom line.
• The upgrade in Aramark's Relative Strength (RS) Rating from 68 to 72 indicates improving market leadership and investor confidence, potentially contributing to the bullish movement in ARMK stock.

10.07.2023 - ARMK Stock was down 5.0%

• The bearish movement in ARMK could be attributed to profit-taking by investors after a recent climb in relative strength ratings.
• Despite beating quarterly estimates and delivering strong earnings and revenue surprises, the market may have reacted negatively to other factors not mentioned in the provided articles.
• The upcoming spin-off of Aramark's Australian business could have created uncertainty among investors, leading to a bearish market movement.
• It's important to note that while the relative strength rating climbed, it did not necessarily translate into a positive market movement for the stock.

07.07.2024 - ARMK Stock was up 5.0%

• Aramark (ARMK) experienced a strong bullish movement recently.
• The bullish trend can be attributed to Aramark's record-breaking Q3 2024 results, showing an 8% revenue growth that beat earnings and revenue estimates.
• The company's robust performance, with increased revenue and income, boosted investor confidence, resulting in a positive market sentiment.
• Aramark's optimistic outlook and strategic moves have further spurred investor enthusiasm, setting the stock up for potential growth.