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ArcBest (ARCB) Dips More Than Broader Markets: What You Should Know
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ArcBest (ARCB - Free Report) closed at $41.49 in the latest trading session, marking a -1.57% move from the prior day. This move lagged the S&P 500's daily loss of 0.25%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq lost 0.53%.
Heading into today, shares of the freight transportation and logistics company had gained 3.54% over the past month, outpacing the Transportation sector's loss of 3.33% and the S&P 500's loss of 2.35% in that time.
Investors will be hoping for strength from ARCB as it approaches its next earnings release, which is expected to be January 30, 2019. On that day, ARCB is projected to report earnings of $0.90 per share, which would represent year-over-year growth of 114.29%. Meanwhile, our latest consensus estimate is calling for revenue of $767.71 million, up 8.02% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.59 per share and revenue of $3.09 billion. These totals would mark changes of +169.92% and +9.28%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for ARCB. 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, 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. Within the past 30 days, our consensus EPS projection has moved 10.43% higher. ARCB is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that ARCB has a Forward P/E ratio of 11.75 right now. This valuation marks a discount compared to its industry's average Forward P/E of 16.04.
Investors should also note that ARCB has a PEG ratio of 0.27 right now. 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. The Transportation - Truck industry currently had an average PEG ratio of 1 as of yesterday's close.
The Transportation - Truck industry is part of the Transportation sector. This group has a Zacks Industry Rank of 54, putting it in the top 21% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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ArcBest (ARCB) Dips More Than Broader Markets: What You Should Know
ArcBest (ARCB - Free Report) closed at $41.49 in the latest trading session, marking a -1.57% move from the prior day. This move lagged the S&P 500's daily loss of 0.25%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq lost 0.53%.
Heading into today, shares of the freight transportation and logistics company had gained 3.54% over the past month, outpacing the Transportation sector's loss of 3.33% and the S&P 500's loss of 2.35% in that time.
Investors will be hoping for strength from ARCB as it approaches its next earnings release, which is expected to be January 30, 2019. On that day, ARCB is projected to report earnings of $0.90 per share, which would represent year-over-year growth of 114.29%. Meanwhile, our latest consensus estimate is calling for revenue of $767.71 million, up 8.02% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.59 per share and revenue of $3.09 billion. These totals would mark changes of +169.92% and +9.28%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for ARCB. 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, 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. Within the past 30 days, our consensus EPS projection has moved 10.43% higher. ARCB is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that ARCB has a Forward P/E ratio of 11.75 right now. This valuation marks a discount compared to its industry's average Forward P/E of 16.04.
Investors should also note that ARCB has a PEG ratio of 0.27 right now. 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. The Transportation - Truck industry currently had an average PEG ratio of 1 as of yesterday's close.
The Transportation - Truck industry is part of the Transportation sector. This group has a Zacks Industry Rank of 54, putting it in the top 21% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.