ArcBest (ARCB) is a Zacks Rank #5 (Strong Sell) as earnings estimates have tracked lower after a recent earnings miss.  The company is best known for its freight transportation services and solutions. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.DescriptionArcBest Corporation provides freight transportation services and solutions. The company's Freight Transportation segment offers transportation of general commodities; motor carrier freight transpor ...

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 March 31, 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 in ...

ArcBest Corporation (NASDAQ:ARCB) Q1 2024 Earnings Conference Call April 30, 2024 9:30 AM ET Company Participants David Humphrey - VP, IR Judy McReynolds - Chairman, President & CEO Matt Beasley - CFO Seth Runser - President-ABF Freight Conference Call Participants Ravi Shanker - Morgan Stanley Jason Seidl - TD Cowen Jordan Alliger - Goldman Sachs Ken Hoexter - Bank of America Merrill Lynch Daniel Imbro - Stephens Brian Ossenbeck - JPMorgan Ben Mohr Mok - Deutsche Bank Tom Wadewitz - UBS Stephanie Moore - J ...

Earnings were weak as truckers continue to drive through a soft patch.A miserable earnings season for the trucking sector continued on Tuesday with results from ArcBest (ARCB -12.89%). Shares of the Arkansas-based transportation and logistics provider traded down 13% as of 2:30 p.m. ET following the release of its quarterly earnings report.A cool climate for demandArcBest investors were likely fearing the worst, ahead of the company's earnings release. A number of trucking stocks that have already reported, ...

For the quarter ended March 2024, ArcBest (ARCB) reported revenue of $1.04 billion, down 6.3% over the same period last year. EPS came in at $1.34, compared to $1.58 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.03 billion, representing a surprise of +0.97%. The company delivered an EPS surprise of -12.99%, with the consensus EPS estimate being $1.54.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

ArcBest (ARCB) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.99%. A quarter ago, it was expected that this freight transportation and logistics company would post earnings of $2.19 per share when it actually produced earnings of $2.47, delivering a surprise of 12.79%.Over the la ...

| --- | --- | |---------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------| | | Exhibit 99.1 | | | | | | | | Investor Relations Contact: David Humphrey Title: Vice President – Investor Relations Phone: 479-785-6200 | Media Contact: Autumnn Mahar Title: Director External Communications and Public Relations | | Email: dhumphrey@arcb.com ...

Investors are always looking for stocks that are poised to beat at earnings season and ArcBest Corporation (ARCB) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because ArcBest is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good i ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering ArcBest (ARCB) , which belongs to the Zacks Transportation - Truck industry.When looking at the last two reports, this freight transportation and logistics company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 30.91%, on average, in the last two quarters.For the most recent quarter, ArcBest was expected to ...

Several factors have dimmed the sentiment of the Zacks Transportation - Truck industry. These factors include worries regarding global economic growth and reduced freight demand. Truck driver shortages and supply-chain woes act as deterrents. Despite macroeconomic challenges causing uncertainty in demand, the industry demonstrates resilience, especially for companies prioritizing growth and operational efficiency. Among the companies in the industry that will probably survive the business challenges are J.B ...