Analyst Consensus ?
ConsensusBuy24 ratings
Bullish2187.5%
Neutral28.3%
Bearish14.2%
Aramark · ARMK · FY2026 Q3 · Calendar Q3 2026
Aramark raises FY2026 growth outlook as Nexus expands
Aramark's growth case strengthened this quarter: broad new-business wins, high client retention, and early Nexus expansion support management's raised outlook. The key test is whether Nexus can scale with the expected margin contribution while the company reduces leverage.
Reported Before market openNYSEIndustrials
$14.84B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.52
Consensus $0.48
EPS surprise
+7.3%
Reported versus consensus
Reported revenue
$5.03B
Consensus $4.94B
Revenue surprise
+1.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+8.5%
Event window
SPY move
-0.3%
Same window
Abnormal move
+8.9%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
-5.9%
Up to 20 sessions
ARMKSPY benchmark
Ask FN2 about ARMK FY2026 Q3
Transcript, numbers and history already loaded
Why did ARMK rise 8.5% after beating EPS estimates in FY2026 Q3?What changed in ARMK's guidance and outlook in FY2026 Q3?Give me the bull and bear case for ARMK after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior quarter, management reported a 9–10% FY2026 organic growth outlook, two active Nexus sites, five additional locations under development, and an expanded initial hyperscaler contract valued at $140–160 million annually. The prior quarter had highlighted a $1 billion pipeline of new signings and Nexus's potential, but its impact was not yet reflected in guidance.
Guidance delta
Management raised FY2026 organic revenue growth guidance to 9–10% and reaffirmed AOI and EPS targets.
Key takeaways
- Organic revenue grew 9% year over year, with growth across U.S. and international segments and 98% client retention.
- Aramark Nexus is scaling: two sites are active and five additional data-center locations are under development.
- Management cited 20–30 basis points of expected margin expansion and a sub-3x leverage target.
Management priorities
- Mobilize additional Nexus sites, including five AI colocator locations.
- Pursue large client wins in education, healthcare, and workplace experience.
- Invest in margin-enhancing initiatives, maintain supply-chain efficiencies, and consider targeted M&A.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$56.48Current
$33Low
$56.7Average
$74High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 21, 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 |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Aug 19, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 13, 2026 |
| Citigroup | Buy | Buy | 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 $56.48. 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 | +23.9% | Aug 19, 2026 |
| New Street | Analyst unavailable | $70 | $60.35 | +23.9% | Aug 13, 2026 |
| Jefferies | Analyst unavailable | $70 | $61.24 | +23.9% | Aug 12, 2026 |
| Deutsche Bank | Analyst unavailable | $74 | $60.46 | +31.0% | Aug 12, 2026 |
| Goldman Sachs | Analyst unavailable | $70 | $60.45 | +23.9% | Aug 12, 2026 |
| UBS | Analyst unavailable | $71 | $60.47 | +25.7% | Aug 12, 2026 |
| Robert W. Baird | Andrew Wittmann | $69 | $60.47 | +22.2% | Aug 12, 2026 |
| Morgan Stanley | Analyst unavailable | $63 | $60.47 | +11.5% | Aug 11, 2026 |
| Truist Financial | Jasper Bibb | $70 | $57.18 | +23.9% | Jul 27, 2026 |
| Robert W. Baird | Andrew Wittmann | $63 | $57 | +11.5% | Jul 24, 2026 |
| UBS | Joshua Chan | $67 | $58.3 | +18.6% | Jul 13, 2026 |
| Deutsche Bank | Analyst unavailable | $65 | $56.05 | +15.1% | Jun 29, 2026 |
| Oppenheimer | Analyst unavailable | $65 | $56.06 | +15.1% | Jun 29, 2026 |
| Oppenheimer | Ian Zaffino | $60 | $53.3 | +6.2% | Jun 11, 2026 |
| RBC Capital | Analyst unavailable | $55 | $50.87 | -2.6% | May 14, 2026 |
| Truist Financial | Jasper Bibb | $58 | $49.49 | +2.7% | May 13, 2026 |
| Deutsche Bank | Analyst unavailable | $54 | $49.34 | -4.4% | May 13, 2026 |
| Morgan Stanley | Analyst unavailable | $50 | $49.24 | -11.5% | May 13, 2026 |
| UBS | Analyst unavailable | $56 | $48.4 | -0.8% | May 13, 2026 |
| Robert W. Baird | Analyst unavailable | $58 | $48.4 | +2.7% | May 13, 2026 |
| Goldman Sachs | Analyst unavailable | $51 | $48.4 | -9.7% | May 13, 2026 |
| Truist Financial | Analyst unavailable | $50 | $39.27 | -11.5% | Feb 17, 2026 |
| UBS | Analyst unavailable | $47 | $41.32 | -16.8% | Feb 11, 2026 |
| Robert W. Baird | Analyst unavailable | $50 | $40.96 | -11.5% | Feb 11, 2026 |
| Morgan Stanley | Toni Kaplan | $45 | $40.96 | -20.3% | Feb 10, 2026 |
| Robert W. Baird | Analyst unavailable | $46 | $36.68 | -18.6% | Nov 18, 2025 |
| Stifel Nicolaus | Analyst unavailable | $44 | $36.04 | -22.1% | Nov 17, 2025 |
| UBS | Analyst unavailable | $45 | $38.4 | -20.3% | Oct 1, 2025 |
| UBS | Analyst unavailable | $46 | $39.56 | -18.6% | Aug 6, 2025 |
| Morgan Stanley | Toni Kaplan | $43 | $40.4 | -23.9% | Dec 12, 2024 |
| RBC Capital | Karl Green | $42.5 | $38.53 | -24.8% | Sep 17, 2024 |
| Truist Financial | Jasper Bibb | $42 | $37.99 | -25.6% | Sep 11, 2024 |
| Robert W. Baird | Andrew Wittmann | $38 | $34.62 | -32.7% | Aug 7, 2024 |
| Deutsche Bank | Faiza Alwy | $39 | $33.66 | -30.9% | Aug 7, 2024 |
| Oppenheimer | Ian Zaffino | $39 | $32.9 | -30.9% | Jun 12, 2024 |
| Jefferies | Stephanie Moore | $37 | $32 | -34.5% | Jun 4, 2024 |
| Truist Financial | Jasper Bibb | $37 | $31.59 | -34.5% | Mar 20, 2024 |
| Goldman Sachs | Lizzie Dove | $33 | $28.81 | -41.6% | Jan 17, 2024 |
| J.P. Morgan | Analyst unavailable | $44 | $40.89 | -22.1% | Feb 8, 2023 |
| Morgan Stanley | Analyst unavailable | $44 | $41.96 | -22.1% | Jan 4, 2023 |
| Barclays | Analyst unavailable | $36 | $41.9 | -36.3% | Dec 2, 2022 |
| Deutsche Bank | Analyst unavailable | $43 | $40.51 | -23.9% | Nov 16, 2022 |
| Morgan Stanley | Analyst unavailable | $41 | $39.94 | -27.4% | Nov 16, 2022 |
| RBC Capital | Analyst unavailable | $45 | $40.55 | -20.3% | Nov 16, 2022 |
| Morgan Stanley | Analyst unavailable | $38 | $33.1 | -32.7% | Sep 27, 2022 |
| Morgan Stanley | Analyst unavailable | $37 | $36.44 | -34.5% | Aug 10, 2022 |
| Oppenheimer | Ian Zaffino | $32.49 | $24.89 | -42.5% | 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.…
Industrials peers this season
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|---|---|---|---|---|
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
| DCI Donaldson Company, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1.8% | +2.1% | Donaldson posts record FY26 and targets further growth |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% 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 · 2026-08-11T18:10:12.395525+00:00
- FN2 earnings calendar · 2026-09-16T01:23:13.900088+00:00
- Polygon adjusted daily market bars · 2026-09-21T19:40:48.142640+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T19:40:48.139742+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 . For educational purposes only; not investment advice.