Consumer Staples Stocks with Strong Growth Prospects: Aramark (ARMK)
Investors can count on Aramark (NYSE:ARMK), which provides food, facilities, and uniform services in North America and internationally. This company has a market cap of more than $9 billion, beta of as low as 0.50 and a long-term growth rate of 12.80%. The company not only has an impressive earnings surprise history over the past four quarters but has also posted an average surprise of 4.45%.
Positive estimate revisions for fiscal 2017 and fiscal 2018 over the past 30 days also instill confidence among investors. This Philadelphia, PA-based company can be a perfect fit for investors’ portfolio, armed with a Growth score of ‘A’ and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Further, Aramark’s stock price history reveals that the company hasn’t been a disappointment in a long time. In fact, on a year-to-date basis, the stock has rallied 2.4%, outperforming the Zacks categorized Food-Miscellaneous/Diversified industry, which declined 1.6%.