ArcBest Corp reports results for the quarter ended December 31 - Earnings Summary

• ArcBest Corp ARCB.OQ reported quarterly adjusted earnings of $1.33​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $2.47. The mean expectation of thirteen analysts for the quarter was for earnings of $1.04 per share. Wall Street expected results to range from 90 cents to $1.20 per share.

• Revenue fell 8.1% to $1.00 billion from a year ago; analysts expected $994.99 million.

• ArcBest Corp's reported EPS for the quarter was $1.24​.

• The company reported quarterly net income of $29.04 million.

• ArcBest Corp shares had risen by 1.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25.6% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the ground freight & logistics peer group is also "buy"

Wall Street's median 12-month price target for ArcBest Corp is $118.50

This summary was machine generated from LSEG data January 31 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)