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ArcBest (ARCB) Gains As Market Dips: What You Should Know
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ArcBest (ARCB - Free Report) closed at $105.87 in the latest trading session, marking a +1.44% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.48%, and the tech-heavy Nasdaq lost 0.05%.
Prior to today's trading, shares of the freight transportation and logistics company had lost 4.02% over the past month. This has was narrower than the Transportation sector's loss of 4.65% and lagged the S&P 500's loss of 0.62% in that time.
ArcBest will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.19, up 125.77% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.09 billion, up 33.34% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.73 per share and revenue of $3.9 billion, which would represent changes of +139.32% and +32.6%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ArcBest. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.88% higher. ArcBest is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note ArcBest's current valuation metrics, including its Forward P/E ratio of 13.49. For comparison, its industry has an average Forward P/E of 16.7, which means ArcBest is trading at a discount to the group.
It is also worth noting that ARCB currently has a PEG ratio of 0.3. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ARCB's industry had an average PEG ratio of 1.22 as of yesterday's close.
The Transportation - Truck industry is part of the Transportation sector. This group has a Zacks Industry Rank of 6, putting it in the top 3% 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 at $105.87 in the latest trading session, marking a +1.44% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.48%, and the tech-heavy Nasdaq lost 0.05%.
Prior to today's trading, shares of the freight transportation and logistics company had lost 4.02% over the past month. This has was narrower than the Transportation sector's loss of 4.65% and lagged the S&P 500's loss of 0.62% in that time.
ArcBest will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.19, up 125.77% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.09 billion, up 33.34% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.73 per share and revenue of $3.9 billion, which would represent changes of +139.32% and +32.6%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ArcBest. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.88% higher. ArcBest is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note ArcBest's current valuation metrics, including its Forward P/E ratio of 13.49. For comparison, its industry has an average Forward P/E of 16.7, which means ArcBest is trading at a discount to the group.
It is also worth noting that ARCB currently has a PEG ratio of 0.3. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ARCB's industry had an average PEG ratio of 1.22 as of yesterday's close.
The Transportation - Truck industry is part of the Transportation sector. This group has a Zacks Industry Rank of 6, putting it in the top 3% 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.