ArcBest Corp expected to post earnings of $2.06 a share - Earnings Preview

ArcBest

31/07/2024 16:07

* ArcBest Corp  ARCB.OQ   ARCB.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 2 for the
period ending June 30 2024
    * The Fort Smith Arkansas-based  company is expected to
report a
4.3% decrease in revenue to $1.056 billion from $1.1 billion a
year ago, according to the mean estimate from 10 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for ArcBest Corp is for
earnings
of $2.06 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ArcBest
Corp is
$140.00​, above​ its last closing price of $124.32. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.55        1.53       1.34      Missed  -12.3
 Dec. 31 2024  2.21        2.21       2.47      Beat    11.8
 Sep. 30 2023  1.50        1.50       2.31      Beat    54.1​
 Jun. 30 2023  2.03        2.05       1.54      Missed  -24.8
 ​​Mar.        2.25        1.97       1.58      Missed  -19.9
 31 2023                                                
 Dec. 31 2022  2.61        2.53       2.45      Missed  -3​
 Sep. 30 2022  3.70        3.72       3.80      Beat    2.3
 Jun. 30 2022  3.93        3.95       4.30      Beat    8.8
 This summary was machine generated July 31 at 15:07 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)