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ArcBest (ARCB) Gains As Market Dips: What You Should Know
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ArcBest (ARCB - Free Report) closed the most recent trading day at $78.18, moving +0.85% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.15%, and the tech-heavy Nasdaq gained 0.33%.
Heading into today, shares of the freight transportation and logistics company had gained 1.4% over the past month, outpacing the Transportation sector's loss of 8.37% and the S&P 500's loss of 3.51% in that time.
Wall Street will be looking for positivity from ArcBest as it approaches its next earnings report date. This is expected to be November 1, 2022. In that report, analysts expect ArcBest to post earnings of $3.82 per share. This would mark year-over-year growth of 47.49%. Meanwhile, our latest consensus estimate is calling for revenue of $1.35 billion, up 33.05% from the prior-year quarter.
ARCB's full-year Zacks Consensus Estimates are calling for earnings of $14.28 per share and revenue of $5.37 billion. These results would represent year-over-year changes of +67.61% and +35.04%, respectively.
Investors should also note any recent changes to analyst estimates for ArcBest. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.58% lower. ArcBest currently has a Zacks Rank of #3 (Hold).
Digging into valuation, ArcBest currently has a Forward P/E ratio of 5.43. For comparison, its industry has an average Forward P/E of 11.35, which means ArcBest is trading at a discount to the group.
It is also worth noting that ARCB currently has a PEG ratio of 0.24. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Transportation - Truck stocks are, on average, holding a PEG ratio of 1.06 based on yesterday's closing prices.
The Transportation - Truck industry is part of the Transportation sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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ArcBest (ARCB) Gains As Market Dips: What You Should Know
ArcBest (ARCB - Free Report) closed the most recent trading day at $78.18, moving +0.85% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.15%, and the tech-heavy Nasdaq gained 0.33%.
Heading into today, shares of the freight transportation and logistics company had gained 1.4% over the past month, outpacing the Transportation sector's loss of 8.37% and the S&P 500's loss of 3.51% in that time.
Wall Street will be looking for positivity from ArcBest as it approaches its next earnings report date. This is expected to be November 1, 2022. In that report, analysts expect ArcBest to post earnings of $3.82 per share. This would mark year-over-year growth of 47.49%. Meanwhile, our latest consensus estimate is calling for revenue of $1.35 billion, up 33.05% from the prior-year quarter.
ARCB's full-year Zacks Consensus Estimates are calling for earnings of $14.28 per share and revenue of $5.37 billion. These results would represent year-over-year changes of +67.61% and +35.04%, respectively.
Investors should also note any recent changes to analyst estimates for ArcBest. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.58% lower. ArcBest currently has a Zacks Rank of #3 (Hold).
Digging into valuation, ArcBest currently has a Forward P/E ratio of 5.43. For comparison, its industry has an average Forward P/E of 11.35, which means ArcBest is trading at a discount to the group.
It is also worth noting that ARCB currently has a PEG ratio of 0.24. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Transportation - Truck stocks are, on average, holding a PEG ratio of 1.06 based on yesterday's closing prices.
The Transportation - Truck industry is part of the Transportation sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.