ArcBest Corp reports results for the quarter ended in June - Earnings Summary

ArcBest

28/07/2023 14:30

* ArcBest Corp  ARCB.OQ  reported quarterly adjusted
earnings of
$1.54​​ per share for the quarter ended in June. The mean
expectation of eleven analysts for the quarter was for earnings
of $2.05 per share.
    * Revenue fell 20.8% to $1.10 billion from a year ago;
analysts
expected $1.11 billion. 
    * ArcBest Corp's reported EPS for the quarter was $1.64​.
    * The mean earnings estimate of analysts had fallen by
about 22.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * ArcBest Corp shares had risen by 20.3% this quarter and
gained 69.7% so far this year.
    * The company reported quarterly net income of $40.44
million.
    * Wall Street's median 12-month price target for ArcBest
Corp is
$118.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.05           1.54           Missed
 Mar. 31 2023      1.97           1.58           Missed
 Dec. 31 2022      2.53           2.45           Missed
 Sep. 30 2022      3.72           3.80           Beat