ArcBest Corp expected to post earnings of $2.21 a share - Earnings Preview

ArcBest

02/02/2024 13:59

* ArcBest Corp  ARCB.OQ   ARCB.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 6 for the
period ending December 31 2023
    * The Fort Smith Arkansas-based  company is expected to
report a
12.6% decrease in revenue to $1.088 billion from $1.24 billion a
year ago, according to the mean estimate from 9 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for ArcBest Corp is for
earnings
of $2.21 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"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
$140.50​, above​ its last closing price of $120.98. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  2.25        1.97       1.58      Missed  -19.9​
 Dec. 31 2022  2.61        2.53       2.45      Missed  -3
 ​​Sep.        3.70        3.72       3.80      Beat    2.3
 30 2022                                                
 Jun. 30 2022  3.93        3.95       4.30      Beat    8.8​
 Mar. 31 2022  2.18        2.15       3.08      Beat    43.2
 Dec. 31 2021  2.28        2.24       2.79      Beat    24.6
 This summary was machine generated February 2 at 13:59 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)