Analyst Consensus ?
ConsensusBuy24 ratings
Bullish2187.5%
Neutral28.3%
Bearish14.2%
Aramark · ARMK · FY2024 Q3 · Calendar Q3 2024
Aramark reports record Q3 growth as GPO and new wins support margins
Aramark's latest analysis supports a constructive operating thesis: resilient demand, new client wins and GPO scale are supporting growth, while debt reduction and margin discipline remain important to the next phase.
Reported Before market openNYSEIndustrials
$13.86B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.31
Consensus $0.30
EPS surprise
+3.3%
Reported versus consensus
Reported revenue
$4.38B
Consensus $4.47B
Revenue surprise
-2.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.5%
Event window
SPY move
+0.9%
Same window
Abnormal move
-0.5%
Stock minus SPY
Volume
2.6×
Versus trailing sessions
Subsequent drift
+8.7%
Up to 20 sessions
ARMKSPY benchmark
Ask FN2 about ARMK FY2024 Q3
Transcript, numbers and history already loaded
Why did ARMK rise 0.5% after beating EPS estimates in FY2024 Q3?What changed in ARMK's guidance and outlook in FY2024 Q3?Give me the bull and bear case for ARMK after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The latest analysis adds a Daniel Boulud partnership, the planned sale of the remaining Spurs stake for debt repayment, and GPO spend above $20 billion. Guidance sentiment shifted from raised in the prior quarter to maintained.
Guidance delta
Maintained; the supplied analysis indicates no change to FY24 guidance.
Key takeaways
- Management described record quarterly revenue and operating-income growth across segments and geographies.
- New client wins, pricing, organic volume growth and supply-chain efficiencies supported performance.
- GPO spend exceeded $20 billion, while leverage reduction remained a stated financial priority.
Management priorities
- Expand the global GPO footprint through bolt-on acquisitions.
- Complete the San Antonio Spurs stake sale and direct proceeds toward debt repayment.
- Deepen sports and entertainment relationships while investing in technology and leadership development.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$52.56Current
$33Low
$56.7Average
$74High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Citigroup | Buy | Buy | Maintain | Oct 12, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 19, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 13, 2026 |
| UBS | Buy | Buy | Maintain | Aug 12, 2026 |
| Stifel | Buy | Buy | Maintain | Aug 12, 2026 |
| Jefferies | Buy | Buy | Maintain | Aug 12, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 12, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 27, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jun 29, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jun 2, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | May 13, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Oct 16, 2024 |
| Deutsche Bank | Buy | Hold | Upgrade | Aug 7, 2024 |
| Barclays | Underweight | Underweight | Maintain | Aug 10, 2023 |
| Bernstein | Perform | Market Perform | Maintain | Apr 19, 2023 |
| Berenberg | Buy | Hold | Upgrade | Oct 21, 2021 |
| Stifel Nicolaus | Buy | Hold | Upgrade | Aug 19, 2019 |
| Nomura | Buy | Neutral | Upgrade | Aug 19, 2019 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 10, 2018 |
| Macquarie | Outperform | Outperform | Maintain | Aug 25, 2016 |
| Bank of America | Buy | Buy | Maintain | Aug 11, 2016 |
| Sterne Agee CRT | Buy | Buy | Maintain | Mar 22, 2016 |
| Credit Agricole | Outperform | Outperform | Maintain | Oct 1, 2014 |
| Wells Fargo | Outperform | Outperform | Maintain | Jan 21, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $52.56. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Analyst unavailable | $70 | $60.23 | +33.2% | Aug 19, 2026 |
| New Street | Analyst unavailable | $70 | $60.35 | +33.2% | Aug 13, 2026 |
| Jefferies | Analyst unavailable | $70 | $61.24 | +33.2% | Aug 12, 2026 |
| Deutsche Bank | Analyst unavailable | $74 | $60.46 | +40.8% | Aug 12, 2026 |
| Goldman Sachs | Analyst unavailable | $70 | $60.45 | +33.2% | Aug 12, 2026 |
| UBS | Analyst unavailable | $71 | $60.47 | +35.1% | Aug 12, 2026 |
| Robert W. Baird | Andrew Wittmann | $69 | $60.47 | +31.3% | Aug 12, 2026 |
| Morgan Stanley | Analyst unavailable | $63 | $60.47 | +19.9% | Aug 11, 2026 |
| Truist Financial | Jasper Bibb | $70 | $57.18 | +33.2% | Jul 27, 2026 |
| Robert W. Baird | Andrew Wittmann | $63 | $57 | +19.9% | Jul 24, 2026 |
| UBS | Joshua Chan | $67 | $58.3 | +27.5% | Jul 13, 2026 |
| Deutsche Bank | Analyst unavailable | $65 | $56.05 | +23.7% | Jun 29, 2026 |
| Oppenheimer | Analyst unavailable | $65 | $56.06 | +23.7% | Jun 29, 2026 |
| Oppenheimer | Ian Zaffino | $60 | $53.3 | +14.2% | Jun 11, 2026 |
| RBC Capital | Analyst unavailable | $55 | $50.87 | +4.6% | May 14, 2026 |
| Truist Financial | Jasper Bibb | $58 | $49.49 | +10.4% | May 13, 2026 |
| Deutsche Bank | Analyst unavailable | $54 | $49.34 | +2.7% | May 13, 2026 |
| Morgan Stanley | Analyst unavailable | $50 | $49.24 | -4.9% | May 13, 2026 |
| UBS | Analyst unavailable | $56 | $48.4 | +6.5% | May 13, 2026 |
| Robert W. Baird | Analyst unavailable | $58 | $48.4 | +10.4% | May 13, 2026 |
| Goldman Sachs | Analyst unavailable | $51 | $48.4 | -3.0% | May 13, 2026 |
| Truist Financial | Analyst unavailable | $50 | $39.27 | -4.9% | Feb 17, 2026 |
| UBS | Analyst unavailable | $47 | $41.32 | -10.6% | Feb 11, 2026 |
| Robert W. Baird | Analyst unavailable | $50 | $40.96 | -4.9% | Feb 11, 2026 |
| Morgan Stanley | Toni Kaplan | $45 | $40.96 | -14.4% | Feb 10, 2026 |
| Robert W. Baird | Analyst unavailable | $46 | $36.68 | -12.5% | Nov 18, 2025 |
| Stifel Nicolaus | Analyst unavailable | $44 | $36.04 | -16.3% | Nov 17, 2025 |
| UBS | Analyst unavailable | $45 | $38.4 | -14.4% | Oct 1, 2025 |
| UBS | Analyst unavailable | $46 | $39.56 | -12.5% | Aug 6, 2025 |
| Morgan Stanley | Toni Kaplan | $43 | $40.4 | -18.2% | Dec 12, 2024 |
| RBC Capital | Karl Green | $42.5 | $38.53 | -19.1% | Sep 17, 2024 |
| Truist Financial | Jasper Bibb | $42 | $37.99 | -20.1% | Sep 11, 2024 |
| Robert W. Baird | Andrew Wittmann | $38 | $34.62 | -27.7% | Aug 7, 2024 |
| Deutsche Bank | Faiza Alwy | $39 | $33.66 | -25.8% | Aug 7, 2024 |
| Oppenheimer | Ian Zaffino | $39 | $32.9 | -25.8% | Jun 12, 2024 |
| Jefferies | Stephanie Moore | $37 | $32 | -29.6% | Jun 4, 2024 |
| Truist Financial | Jasper Bibb | $37 | $31.59 | -29.6% | Mar 20, 2024 |
| Goldman Sachs | Lizzie Dove | $33 | $28.81 | -37.2% | Jan 17, 2024 |
| J.P. Morgan | Analyst unavailable | $44 | $40.89 | -16.3% | Feb 8, 2023 |
| Morgan Stanley | Analyst unavailable | $44 | $41.96 | -16.3% | Jan 4, 2023 |
| Barclays | Analyst unavailable | $36 | $41.9 | -31.5% | Dec 2, 2022 |
| Deutsche Bank | Analyst unavailable | $43 | $40.51 | -18.2% | Nov 16, 2022 |
| Morgan Stanley | Analyst unavailable | $41 | $39.94 | -22.0% | Nov 16, 2022 |
| RBC Capital | Analyst unavailable | $45 | $40.55 | -14.4% | Nov 16, 2022 |
| Morgan Stanley | Analyst unavailable | $38 | $33.1 | -27.7% | Sep 27, 2022 |
| Morgan Stanley | Analyst unavailable | $37 | $36.44 | -29.6% | Aug 10, 2022 |
| Oppenheimer | Ian Zaffino | $32.49 | $24.89 | -38.2% | Jul 21, 2021 |
Track every rating change on ARMK the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationBased in Philadelphia, Pennsylvania, Aramark, established in 1959, provides a comprehensive array of services encompassing food management, facility solutions, and uniform provision. The company serves a diverse global clientele, including educational institutions, healthcare providers, various businesses and industrial clients, sports and entertainment venues, leisure operators, and correctional facilities, both within the United States and internationally. Aramark organizes its operations into three primary divisions: U.S. Food and Support Services, International Food and Support Services, and Uniform and Career Apparel. Its extensive food-related offerings feature managed dining programs, catering solutions, food service management, and convenience retail options. This includes operating on-site restaurants, providing executive dining experiences, managing convenience stores, and offering beverage and vending services.…
Historical context
All ARMK earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FIX Comfort Systems USA, Inc. | FY2026 Q3 · Calendar Q4 2026 | +8.2% | -8.5% | Comfort Systems USA: Strong Growth, Record Backlog, Margin Watchpoints |
| BE Bloom Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | +36.0% | -8.7% | Bloom Energy Raises Outlook as AI Power Demand Drives Expansion |
| SNA Snap-on Incorporated | FY2026 Q3 · Calendar Q4 2026 | -5.9% | -3.4% | Snap-on: C&I strength offsets organic sales pressure in Q3 |
| HON Honeywell International Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +1.7% | Honeywell Raises 2026 Outlook as Backlog and Forge Support Growth |
| LMT Lockheed Martin Corporation | FY2026 Q3 · Calendar Q4 2026 | +6.0% | +7.0% | Lockheed Martin: backlog and guidance rise, with execution risks |
| NSC Norfolk Southern Corporation | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +3.1% | Norfolk Southern posts strong Q3 as capex outlook rises |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the ARMK recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-26T04:40:42.766810+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T04:40:42.764011+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.