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Strength Seen in ArcBest (ARCB): Can Its 6.0% Jump Turn into More Strength?
Zacks Investment Research· 2024-03-08 13:50
ArcBest (ARCB) shares ended the last trading session 6% higher at $146.23. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.7% loss over the past four weeks.Shares of this transportation company have performed well lately, gaining 21.7% on a year-to-date basis. The company's efforts to automate the supply chain are praisworthy. Operational efficiencies roo bode well. According to Baird analysts, companies like ARC ...
ArcBest(ARCB) - 2023 Q4 - Annual Report
2024-02-22 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2023. ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to . Common Stock, $0.01 Par Value ARCB The Nasdaq Global Select Market Securities registered pursuant to Section 12(g) of the Act: None (Title of Class) Indi ...
5 Dividend Stocks With Strong Growth Prospects to Buy
Zacks Investment Research· 2024-02-22 13:51
Dividend investing remains a popular choice among investors, irrespective of market conditions. This strategy focuses on companies that not only pay dividends but also consistently increase them over time. This approach offers a unique blend of income and growth, appealing to a broad range of investors. Additionally, it can provide a sense of security in times of market uncertainty or downturns, as dividend-paying stocks can reduce the volatility of a portfolio and tend to outperform in a choppy market.Stoc ...
3 Reasons Why ArcBest (ARCB) Is a Great Growth Stock
Zacks Investment Research· 2024-02-13 18:45
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks i ...
Despite Fast-paced Momentum, ArcBest (ARCB) Is Still a Bargain Stock
Zacks Investment Research· 2024-02-13 14:51
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...
ArcBest Launches Vaux Smart Autonomy™ to Unlock Supply Chain Efficiencies
Businesswire· 2024-02-13 12:00
FORT SMITH, Ark.--(BUSINESS WIRE)--ArcBest® (Nasdaq: ARCB), an integrated logistics company, today announced the next step in its first-of-its-kind Vaux suite: Vaux Smart Autonomy. The offering combines autonomous mobile robot (AMR) forklifts and reach trucks, intelligent software and remote teleoperation capabilities to autonomously handle materials movement within warehouses, distribution centers and manufacturing facilities — all while keeping humans in the loop. Vaux Smart Autonomy is the only autonomou ...
Why ArcBest Stock Is Accelerating Today
The Motley Fool· 2024-02-06 18:12
Trucking company ArcBest (ARCB 8.45%) managed to navigate past speedbumps, including demand questions and market disruptions, and still deliver earnings that were above expectations. Investors were excited, sending shares of ArcBest up as much as 12.4% for the day and up 8.5% as of 12:30 Eastern Tuesday.A focus on costs drives an earnings beatArcBest earned $2.47 per share in its fourth quarter on revenue of $1.1 billion, surpassing Wall Street expectations for $2.21 per share in earnings on sales of $1.09 ...
ArcBest(ARCB) - 2023 Q4 - Earnings Call Transcript
2024-02-06 17:29
ArcBest Corporation (NASDAQ:ARCB) Q4 2023 Results Conference Call February 6, 2024 9:30 AM ET Company Participants David Humphrey - VP, IR Judy McReynolds - Chairman, President & CEO Matt Beasley - CFO Seth Runser - President-ABF Freight Dennis Anderson - CSO Christopher Adkins - VP-Yield Strategy & Management Conference Call Participants Jason Seidl - TD Cowen Jordan Alliger - Goldman Sachs Ravi Shanker - Morgan Stanley Ken Hoexter - Bank of America Jack Atkins - Stephens Scott Group - Wolfe Research Ben M ...
ArcBest (ARCB) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-06 15:45
For the quarter ended December 2023, ArcBest (ARCB) reported revenue of $1.09 billion, down 12.4% over the same period last year. EPS came in at $2.47, compared to $2.45 in the year-ago quarter.The reported revenue represents a surprise of +0.80% over the Zacks Consensus Estimate of $1.08 billion. With the consensus EPS estimate being $2.19, the EPS surprise was +12.79%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...
ArcBest (ARCB) Beats Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-02-06 13:21
ArcBest (ARCB) came out with quarterly earnings of $2.47 per share, beating the Zacks Consensus Estimate of $2.19 per share. This compares to earnings of $2.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.79%. A quarter ago, it was expected that this freight transportation and logistics company would post earnings of $1.55 per share when it actually produced earnings of $2.31, delivering a surprise of 49.03%.Over the las ...