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Here's What Key Metrics Tell Us About ArcBest (ARCB) Q3 Earnings
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For the quarter ended September 2024, ArcBest (ARCB - Free Report) reported revenue of $1.06 billion, down 5.8% over the same period last year. EPS came in at $1.64, compared to $2.31 in the year-ago quarter.
The reported revenue represents a surprise of -0.37% over the Zacks Consensus Estimate of $1.07 billion. With the consensus EPS estimate being $1.84, the EPS surprise was -10.87%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ArcBest performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Asset-Light - Operating Ratio (Non-GAAP): 101% versus the three-analyst average estimate of 101.2%.
Asset-Based - Operating Ratio (Non-GAAP): 91% versus the three-analyst average estimate of 90%.
Asset-Based - Shipments / Day: 20,221 Tons versus 20,161.83 Tons estimated by two analysts on average.
Asset-Based - Tons / Day: 10,983 Ton compared to the 10,972.33 Ton average estimate based on two analysts.
Asset-Based - Operating Ratio: 91% compared to the 90.2% average estimate based on two analysts.
Asset-Based - Workdays: 64 compared to the 64 average estimate based on two analysts.
Asset-Based - Pounds(Weight) / Shipment: 1,086 lbs versus 1,088.4 lbs estimated by two analysts on average.
Asset-Light - Operating Ratio: 78% versus the two-analyst average estimate of 101.9%.
Asset-Based - Billed revenue/CWT: $50.76 versus the two-analyst average estimate of $51.21.
Revenues- Asset-Based: $709.72 million compared to the $720.72 million average estimate based on four analysts. The reported number represents a change of -4.3% year over year.
Revenues- Asset-Light: $385.32 million versus $380.57 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -8.1% change.
Revenues- Other and eliminations: -$31.92 million compared to the -$31.31 million average estimate based on three analysts. The reported number represents a change of -0.7% year over year.
Shares of ArcBest have returned +3.1% over the past month versus the Zacks S&P 500 composite's -1% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About ArcBest (ARCB) Q3 Earnings
For the quarter ended September 2024, ArcBest (ARCB - Free Report) reported revenue of $1.06 billion, down 5.8% over the same period last year. EPS came in at $1.64, compared to $2.31 in the year-ago quarter.
The reported revenue represents a surprise of -0.37% over the Zacks Consensus Estimate of $1.07 billion. With the consensus EPS estimate being $1.84, the EPS surprise was -10.87%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ArcBest performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Asset-Light - Operating Ratio (Non-GAAP): 101% versus the three-analyst average estimate of 101.2%.
- Asset-Based - Operating Ratio (Non-GAAP): 91% versus the three-analyst average estimate of 90%.
- Asset-Based - Shipments / Day: 20,221 Tons versus 20,161.83 Tons estimated by two analysts on average.
- Asset-Based - Tons / Day: 10,983 Ton compared to the 10,972.33 Ton average estimate based on two analysts.
- Asset-Based - Operating Ratio: 91% compared to the 90.2% average estimate based on two analysts.
- Asset-Based - Workdays: 64 compared to the 64 average estimate based on two analysts.
- Asset-Based - Pounds(Weight) / Shipment: 1,086 lbs versus 1,088.4 lbs estimated by two analysts on average.
- Asset-Light - Operating Ratio: 78% versus the two-analyst average estimate of 101.9%.
- Asset-Based - Billed revenue/CWT: $50.76 versus the two-analyst average estimate of $51.21.
- Revenues- Asset-Based: $709.72 million compared to the $720.72 million average estimate based on four analysts. The reported number represents a change of -4.3% year over year.
- Revenues- Asset-Light: $385.32 million versus $380.57 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -8.1% change.
- Revenues- Other and eliminations: -$31.92 million compared to the -$31.31 million average estimate based on three analysts. The reported number represents a change of -0.7% year over year.
View all Key Company Metrics for ArcBest here>>>Shares of ArcBest have returned +3.1% over the past month versus the Zacks S&P 500 composite's -1% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.