Aramark ($ARMK) Stock Forecast: Up 5.0% Today

What is Aramark?

Aramark (ARMK) Market: Aramark is a global leader in food, facilities, and uniform services, serving various industries including education, healthcare, sports, and leisure. The company focuses on delivering innovative solutions and exceptional experiences to its clients.

Why is Aramark going up?

ARMK stock is up 5.0% on Aug 7, 2024 13:57

• 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.

ARMK Price Chart

ARMK News

Earnings call: Aramark posts record Q3 revenue, bullish on growth

https://www.investing.com/news/stock-market-news/earnings-call-aramark-posts-record-q3-revenue-bullish-on-growth-93CH-3559011

https://www.investing.com/news/stock-market-news/earnings-call-aramark-posts-record-q3-revenue-bullish-on-growth-93CH-3559011

ARMK Stock Earnings: Aramark Beats EPS, Beats Revenue for Q3 2024

Aramark (NYSE: ARMK ) just reported results for the third quarter of 2024. Aramark reported earnings per share of 31 cents. This was above the analyst estimate for EPS of 30 cents. The company reported revenue of $4.38 billion. This was 1.53% better than the analyst estimate for revenue of $4.31 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace Legendary Investor Predicts: “Forget AI… THIS Technology Is the Future” The post ARMK Stock Earnings: Aramark Beats EPS, Beats Revenue for Q3 2024 appeared first on InvestorPlace .

https://investorplace.com/earning-results/2024/08/armk-stock-earnings-aramark-for-q3-of-2024/

Aramark ( ARMK ) Tops Q3 Earnings and Revenue Estimates

Aramark (ARMK) delivered earnings and revenue surprises of 3.33% and 1.51%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2316669/aramark-armk-tops-q3-earnings-and-revenue-estimates

Aramark Reports Third Quarter Earnings | ARMK Stock News

Aramark reports robust Q3 2024 results: 8% revenue growth, record-breaking segments, and raised outlook. Discover key financial highlights and strategic moves shaping the company''s strong performance.

https://www.stocktitan.net/news/ARMK/aramark-reports-third-quarter-cd7lj856f7tq.html

Aramark Reports Third Quarter Earnings

Aramark (NYSE: ARMK) today reported third quarter fiscal 2024 results. “We continued our record-breaking performance in the third quarter, setting new highs in revenue and income for the Company,” said John Zillmer, Aramark’s Chief Executive Officer. “Third quarter organic revenue growth was broad-based, coming from virtually all lines of business and every country in the portfolio. Our Jetzt den vollständigen Artikel lesen

https://www.wallstreet-online.de/nachricht/18348096-aramark-reports-third-quarter-earnings

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Aramark Price History

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.

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.

17.06.2023 - ARMK Stock was up 3.0%

• ARMK stock had a strong bullish movement today.
• The company's recognition as a "Best Place To Work for Disability Inclusion" and earning a top score on the Disability Equality Index for the seventh consecutive year could have positively impacted investor sentiment.
• This achievement highlights Aramark's commitment to diversity and inclusion, which may have attracted investors and contributed to the bullish market movement.

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.

08.07.2023 - ARMK Stock was up 5.9%

• Aramark reported better-than-expected earnings and revenue for the third quarter, with earnings surprises of 9.09% and revenue surprises of 3.96%.
• The strong performance was driven by net new business, pricing actions, and overall growth in revenue.
• Analysts had estimated an earnings per share (EPS) of $0.33, and Aramark bulls will be pleased if the company not only beats this estimate but also provides positive guidance for future growth.
• The consensus EPS estimate for the third quarter was $0.34, representing a significant year-over-year increase of 36.0%.
• Overall, Aramark's strong earnings and revenue results, along with positive growth prospects, have contributed to the bullish movement in the stock today.

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.