In the latest trading session, ArcBest (ARCB) closed at $ 39.33, marking a -1.35% move from the previous day. This change lagged the S&P 500’s daily loss of 0.22%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq lost 0.25%.
Coming into today, shares of the freight transportation and logistics company had gained 7.41% in the past month. In that same time, the Transportation sector gained 7.19%, while the S&P 500 gained 3.57%.
Investors will be hoping for strength from ARCB as it approaches its next earnings release, which is expected to be January 30, 2019. In that report, analysts expect ARCB to post earnings of $ 0.94 per share. This would mark year-over-year growth of 123.81%. Our most recent consensus estimate is calling for quarterly revenue of $ 768.76 million, up 8.17% from the year-ago period.
ARCB’s full-year Zacks Consensus Estimates are calling for earnings of $ 3.81 per share and revenue of $ 3.09 billion. These results would represent year-over-year changes of +186.47% and +9.33%, respectively.
It is also important to note the recent changes to analyst estimates for ARCB. These revisions help to show the ever-changing nature of 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 13.34% higher within the past month. ARCB is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note ARCB’s current valuation metrics, including its Forward P/E ratio of 10.47. For comparison, its industry has an average Forward P/E of 15.37, which means ARCB is trading at a discount to the group.
Meanwhile, ARCB’s PEG ratio is currently 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 1.01 based on yesterday’s closing prices.
The Transportation – Truck industry is part of the Transportation sector. This group has a Zacks Industry Rank of 56, putting it in the top 22% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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