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ArcBest(ARCB) - 2024 Q2 - Quarterly Report
2024-08-02 18:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 000-19969 ARCBEST CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of inc ...
ArcBest (ARCB) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-02 14:35
ArcBest (ARCB) reported $1.08 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.3%. EPS of $1.98 for the same period compares to $1.54 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.05 billion, representing a surprise of +2.60%. The company delivered an EPS surprise of -2.46%, with the consensus EPS estimate being $2.03.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...
ArcBest (ARCB) Q2 Earnings Miss Estimates
ZACKS· 2024-08-02 12:10
ArcBest (ARCB) came out with quarterly earnings of $1.98 per share, missing the Zacks Consensus Estimate of $2.03 per share. This compares to earnings of $1.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.46%. A quarter ago, it was expected that this freight transportation and logistics company would post earnings of $1.54 per share when it actually produced earnings of $1.34, delivering a surprise of -12.99%.Over the la ...
ArcBest(ARCB) - 2024 Q2 - Quarterly Results
2024-08-02 10:02
Exhibit 99.1 Investor Relations Contact: Amy Mendenhall Media Contact: Autumnn Mahar Title: Vice President – Treasury & Investor Relations Phone: 479-785-6200 Title: Director External Communications and Public Relations Email: invrel@arcb.com Phone: 479-494-8221 Email: amahar@arcb.com ArcBest Announces Second Quarter 2024 Results Strong gains in productivity and service metrics ● Delivered second quarter 2024 net income of $46.9 million, or $1.96 per diluted share, and nonGAAP net income of $47.4 million, o ...
ArcBest (ARCB) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-07-26 15:05
The market expects ArcBest (ARCB) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Aug ...
ArcBest Wins "Robotics Innovation of the Year" In 2024 SupplyTech Breakthrough Awards Program
Newsfilter· 2024-06-13 12:01
LOS ANGELES, June 13, 2024 (GLOBE NEWSWIRE) -- SupplyTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout technology companies, products and services in the supply chain technology and logistics industry around the globe, today announced that ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, has received "Robotics Innovation of the Year" in the annual SupplyTech Breakthrough Awards program. ArcBest's Vaux is material handling technology t ...
ArcBest Wins “Robotics Innovation of the Year” In 2024 SupplyTech Breakthrough Awards Program
GlobeNewswire News Room· 2024-06-13 12:01
LOS ANGELES, June 13, 2024 (GLOBE NEWSWIRE) -- SupplyTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout technology companies, products and services in the supply chain technology and logistics industry around the globe, today announced that ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, has received “Robotics Innovation of the Year” in the annual SupplyTech Breakthrough Awards program. ArcBest’s Vaux is material handling technology ...
New Strong Sell Stocks for June 11th
ZACKS· 2024-06-11 11:05
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ArcBest (ARCB) provides freight transportation services and solutions. The Zacks Consensus Estimate for its current year earnings has been revised 16.2% downward over the last 60 days.Atlantic Union Bankshares (AUB) provides banking services to consumers and businesses. The Zacks Consensus Estimate for its current year earnings has been revised almost 9% downward over the last 60 days.B&G Foods (BGS) manufactures, sells and distribute ...
New Strong Sell Stocks for May 22nd
zacks.com· 2024-05-22 11:41
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ARMOUR Residential REIT, Inc. (ARR) invests in residential mortgage-backed securities. The Zacks Consensus Estimate for its current year earnings has been revised 18.6% downward over the last 60 days.ArcBest Corporation (ARCB) is a freight transportation and integrated logistics services company. The Zacks Consensus Estimate for its current year earnings has been revised 16.2% downward over the last 60 days.B&G Foods, Inc. (BGS) is a ...
Stock Market Crash Warning: Don't Get Caught Holding These 3 Transportation Stocks
investorplace.com· 2024-05-20 12:46
Transportation stocks have been under duress of late. The Dow Jones Transportation Index is up 5% in the past six months, lagging the S&P 500’s 18% gain. The transportation sphere is typically more sensitive to fuel price hikes, regulatory changes, and other economic conditions. Hence, the savvy investor will want to consider offloading transportation stocks to sell.Furthermore, despite a positive earnings season for corporate America, many of the transportation bellwethers missed top and bottom-line expect ...